Lanxess suffers sales losses but realignment programme boosts EBITDA
By Josie Shillito
Published: Thursday, 19 March 2015
Lanxess's sales performance has suffered from market conditions in the rubber industry, but its realignment programme is enabling it to grow its EBITDA nonetheless. The first phase of its cost cutting was only the beginning, and the group has two more phases to implement before it believes it can start seeing the results in the rest of its business.
Lanxess has seen a drop in sales year-on-year, due to a
challenging market and a competitive environment, the
speciality chemicals business said in its 2014 results
today.
However, the redundancies that it implemented over 2014 as
part of its three-phase realignment programme has allowed for
an uptick in its EBITDA*...