Aug 7 (Reuters) – Germany’s Lanxess, the world’s largest maker of synthetic rubber, posted better-than-expected underlying core earnings in the second quarter on currency effects and as it passed higher feedstock prices along to customers.
Quarterly earnings before interest, taxes, depreciation and amortisation (EBITDA), adjusted for special items, gained 6.8 percent to 362 million euros ($449.4 million) more than the 355 million euros expected on average in a Reuters poll of 11 analysts.
(Reporting by Ludwig Burger)
You can find more and more rubber news at:
Rubber Markets News, Rubber Prices Reports, Rubber Market Analytics & Outlook Reports