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(LANXESS) -- Lanxess has lifted its
full-year guidance for 2011 after achieving record results in the second
quarter. The specialty chemicals company now expects EBITDA pre exceptionals to
grow about 20 percent year-on-year after previously forecasting a growth of
10-15 percent. EBITDA pre exceptionals in the second quarter rose 26 percent
year-on-year to EUR 339 million.
Net debt at the end of the second quarter rose 49 percent from the end of
2010 to about EUR 1.4 billion mainly due to the acquisitions of the EPDM rubber
business and Syngenta’s material protection business. Operating cash-flow more
than tripled to EUR 212 million reflecting the strength of the company’s
operational business.
mrcplast.com
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