Key Developments: Lanxess AG (LXSG.DE)

LXSG.DE on Xetra

23 Dec 2014
Price Change (% chg)

€0.63 (+1.64%)
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Latest Key Developments (Source: Significant Developments)

Lanxess AG Issues FY 2013 EBITDA Guidance Below Analysts' Estimates-Conference Call
Tuesday, 6 Aug 2013 08:00am EDT 

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

Lanxess to slash six percent of workforce to counter overcapacity

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.

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