COLOGNE, Germany, March 17 (Reuters) - German specialty chemicals group Lanxess (LXSG.DE: Quote, Profile, Research) said it expected core underlying earnings to rise this year on stronger demand in Asia for tyre rubber.
The world's largest maker of synthetic rubber used in tyres, tubes and window seals also said fourth-quarter adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) rose by two-thirds to 144 million euros, in line the 143 million euros expected in a Reuters poll. [ID:nLDE62B1AE]
A pickup in sales of rubber chemicals in emerging markets such as China, India and Brazil as well as strong demand for winter tyres due to the recent cold spell in Europe and North-America lifted earnings, Lanxess added.
Lanxess proposed an unchanged annual dividend of 0.50 euros per share, as expected by analysts.
(in.reuters.com)
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