Lanxess AG (OTC: LNXSF) lifted its projections for the full year on Thursday.
Lanxess reported its Q2 net profit at EUR181 million, up from analysts' estimates of EUR160 million. Its sales climbed 23% to EUR2.2 billion. Lanxess' EBITDA before special items gained 26% to EUR339 million, versus analysts' expectations of EUR318 million.
Lanxess shares fell 3.64% to close at $58.30 yesterday.
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