Cologne, Germany – Lanxess has confirmed its earnings forecast for the current fiscal year and expects earnings to remain stable compared with the previous year.
In a 9 July statement, the group predicted EBITDA pre-exceptionals to come in at between €1.000 billion and €1.050 billion in 2019.
For the previous year, the Cologne-based maker of polymers speciality chemicals achieved a result of €1.016 billion.
The group has recently completed a major realignment, including the sale of its rubber business to Saudi Aramco.
Lanxess is now much more stable than…