Lanxess posts strong Q2 results as it prepares to spilt off rubber division

By Liz Gyekye
Published: Thursday, 06 August 2015

The German speciality chemicals company has raised its full-year earnings’ guidance for the second time, following a solid second quarter. It has reaped the rewards from its 2014 realignment programme and is planning to sell off its rubber arm.

Speciality chemicals company Lanxess AG has announced that its second quarter net income increased by 58.2% to €87m ($95m*) from €55m the same period a year ago, due to operational developments and proceeds from the sale of noncurrent assets.

Sales improved by 4.3% in Q2 2015 to €2.1bn, compared...

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