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LXS — LANXESS AG News Story

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Lanxess posts Q2 core profit above estimates

Lanxess posts Q2 core profit above estimates

- Speciality chemicals maker Lanxess LXSG.DE reported quarterly core profit above expectations on Friday, despite a continued weak economic environment.

The Cologne-based company posted earnings before interest, taxes, depreciation and amortisation (EBITDA) pre-exceptionals of 152 million euros ($175.15 million) for the second quarter, beating analysts' forecast of 150.6 million euros in a poll provided on Lanxess' website.


($1 = 0.8678 euros)


(Reporting by Ozan Ergenay in Gdansk, editing by Matt Scuffham)

((Ozan.Ergenay@thomsonreuters.com; +48 58 746 90 34))

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