Lanxess posts Q2 core profit above estimates
Lanxess posts Q2 core profit above estimates Aug 7 (Reuters) - 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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