Profit tumbles 18% at Lanxess on lower sales

ERJ staff report (LMH)

Leverkusen, Germany – Lanxess said it is confirming its full-year 2012 guidance despite the challenging business environment, which saw third quarter sales drop 8 percent to Euro 2.2 billion. Earnings (EBITDA) were down 18 percent totalling Euro 255 million. The opoerating margin was 11.8 percent, down from 13.3 percent a year earlier. Net profit…

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