Home News Lanxess expects 2010 significantly better year than 2009

Lanxess expects 2010 significantly better year than 2009

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FRANKFURT (Dow Jones) – Chemicals group Lanxess expects the current fiscal year to cut off much better than last year. "We expect that 2010 is significantly better than 2009, "said Board Chairman Axel C. Heitmann in Frankfurt on Monday during the five-year anniversary of the stock market Group. Lanxess lies in the capacity utilization at the Group level being again exceeded 70%, said the manager. In This crisis was lying "about 60%.
Its own forecasts for the past year is likely to Group have now reached. "We would not be here today to celebrate if there would be negative surprises, "said the Manager without having to give precise figures. For 2009, Lanxess has adjusted EBITDA of EUR 400 million to 420 million EUR in prospect.
Even after acquisitions, the Group looks to continue. "We are small and medium-sized investments in the future conduct, "said Heitmann. What financial leeway for Lanxess Has acquisitions, did not want to say to the manager. "The budget has naturally adapted to the current cash situation of the Business, "he said. But he had very well so far. The company has in the Past proved that it could acquire even in the crisis. "We will continue this journey, and small and medium-sized Make acquisitions in the future too, "said Manager.
DJG / hoa / jhe
END) Dow Jones Newswires
February 01, 2010 08:00 ET (13:00 GMT)
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