Arlanxeo sales, earnings down by more than 20%

Cologne, Germany – Arlanxeo has seen significant falls in both sales and earnings in the first three months of the year, parent group Lanxess’ first-quarter results statement shows.

Sales at the synthetic rubber JV with Saudi Aramco dropped 20.1% to €757 million, while earnings (EBITDA pre exceptionals) came in 22.9% lower at €111 million.

The EBITDA margin pre exceptionals amounted to 14.7%, against 15.2% a year earlier, added the 8 May announcement from Cologne-based Lanxess.

On a positive note, Lanxess linked the sales-decline to a very strong quarter…

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