LANXESS (LNXSF.PK) announced it expects a significantly lower year-on-year EBITDA pre exceptionals of between 160 million euros and 180 million euros in the first quarter of 2013. In the previous year's quarter, LANXESS achieved an EBITDA pre exceptionals of 369 million euros. LANXESS said, contrary to the usual seasonal trend, the low level of demand that was apparent in the second half of 2012 has continued into the start of the year in most businesses.
The company said it is sticking to its mid-term targets of 1.4 billion euros and 1.8 billion euros EBITDA pre exceptionals in 2014 and 2018 respectively. LANXESS will continue to focus on cost discipline and flexible asset management and expects a pick-up in demand in the second half of the year.
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.