LANXESS AG / Change in Forecast/Quarter Results
06.08.2010 07:32
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Leverkusen - The specialty chemicals company LANXESS AG raised its earnings
forecast for the business year 2010 after having a significantly
better-than-expected second quarter.
LANXESS now expects to achieve EBITDA pre exceptionals to be roughly EUR
800 million for the full year 2010 after previously forecasting EUR 650-700
million at the publication of the first quarter results in May 2010.
The company more than doubled EBITDA pre exceptionals in the second quarter
to EUR 269 million from EUR 112 million a year ago. Earnings were driven,
in particular, by ongoing strong demand for synthetic rubber in Asia and
notably Latin America.
Leverkusen, August 6, 2010
Forward-Looking Statements
This news release may contain forward-looking statements based on current
assumptions and forecasts made by LANXESS AG management. Various known and
unknown risks, uncertainties and other factors could lead to material
differences between the actual future results, financial situation,
development or performance of the company and the estimates given here. The
company assumes no liability whatsoever to update these forward-looking
statements or to conform them to future events or developments.
06.08.2010 07:32 Ad hoc announcement, Financial News and Press Release distributed by DGAP. Medienarchiv at |[![CDATA[|[a href="http://www.dgap-medientreff.de"|]www.dgap-medientreff.de|[/a|]]]|] and |[![CDATA[|[a href="http://www.dgap.de"|]www.dgap.de|[/a|]]]|]
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Language: English
Company: LANXESS AG
Gebäude K10
51369 Leverkusen
Deutschland
Phone: +49 (0)214 30 33333
Fax: +49 (0)214 30 40 944
E-mail: ir@lanxess.com
Internet: www.lanxess.com
ISIN: DE0005470405
WKN: 547040
Indices: MDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, München, Hannover, Düsseldorf, Hamburg, Stuttgart;
Terminbörse EUREX
End of News DGAP News-Service
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DGAP-Adhoc: LANXESS raises 2010 earnings forecast
| Source: EQS Group AG