Lanxess Lifts Full-Year Forecast

Lanxess AG 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.