Key Developments: Lanxess AG (LXSG.DE)
23 Dec 2014
Latest Key Developments (Source: Significant Developments)
Lanxess AG announced that for fiscal 2013, it expects EBITDA pre-exceptionals in the bandwidth of EUR700 million to EUR800 million. According to I/B/E/S Estimates, analysts on average are expecting the Company to report EBITDA of EUR805 million for fiscal 2013. Full Article
COLOGNE Germany - Lanxess, the world's No.1 maker of synthetic rubber, said it would cut about 1,000 jobs, or 6 percent of its global workforce, to counter overcapacity in the industry but its shares fell on disappointment over projected cost savings.