LANXESS (LNXSF.PK) announced that it expects EBITDA pre exceptionals in the second quarter to improve sequentially, but to come in below 220 million euros. The company expects an economic improvement during the second half of the year. LANXESS expects EBITDA pre exceptionals of below 1 billion euros for the full year 2013.
"Asia, particularly China, will develop substantially better, whereas market conditions in Europe will remain difficult. We believe strong demand for agrochemicals will persist, and we also expect a moderate recovery in the construction industry," said LANXESS' Chairman of the Board of Management Axel Heitmann.
The company said it is adhering to its mid-term EBITDA targets of 1.4 billion euros and 1.8 billion euros in 2014 and 2018, respectively.
The Board of Management and the Supervisory Board of LANXESS proposed to the Annual Stockholders' Meeting a dividend of 1.00 euros per share be paid for 2012; an increase of nearly 18 percent from last year.
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