- Special Report: Syria's Islamists seize control as moderates dither
- Stocks, bond prices drop as Fed points to reduced bond buying
- Obama defends U.S. intelligence strategy in wary Berlin |
- Wall St. drops after Bernanke hints at slowing stimulus |
- Tropical Storm Barry forms in the southern Gulf of Mexico -NHC
Lanxess sees FY adj profit at lower end of target range
FRANKFURT Nov 6 (Reuters) - Lanxess, the world's largest maker of synthetic rubber, said its full-year operating earnings would come in at the lower end of its previous outlook range, as it is hit by the decline in the European car industry.
"For the fourth quarter Lanxess expects the automotive sector in Europe to remain weak, while growth in North America and China will continue, albeit at a slower rate," the German company said on Tuesday.
Lanxess said it expects growth in 2012 earnings before interest, taxes, depreciation and amortisation (EBITDA), adjusted for special items, to be at the lower and of a previous guidance range of 5-10 percent. (Reporting by Ludwig Burger)
- Tweet this
- Share this
- Digg this