International. Specialty chemical firm Lanxess reported continued growth during the second quarter of 2012. Pre-extraordinary EBITDA increased by 6.8% year-over-year to €362 million and sales advanced by 8.1% to €2.42 million.
In Latin America, sales increased by almost 8% year-over-year, to €331 million, which in turn accounted for 14% of the group's sales. Brazil continues to be the most important country in the region.
"We believe these results confirm our view on contemporary development and therefore adhere to our goal of increasing EBITDA before extraordinary items by 5-10% for the full year," commented Lanxess COE Axel C. Heitmann.
Net debt increased by 14.7% compared to the end of 2011, to approximately €1.74 billion. Operating cash flow for the second quarter stood at less than €49 million, partly due to an increase in capital activity reflected in business activities.
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