Lanxess rubber unit increases profit faster than sales

Cologne, Germany–Lanxess AG posted a loss at its first annual result conference. The company said sales increased by 7 percent, to Euro 6773 million, while the overall net result (EBIT including exceptionals) was a loss of Euro 12 million, compared with a loss of Euro 997 million in 2003.

Dr Axel Heitmann, chairman of Lanxess board of management picked on the group’s Performance Rubber unit as the most promising of the company’s four business units. He said profits in the business grew faster than sales, suggesting…

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