Lanxess Q3 Net Profit Down 39%

Lanxess AG LNXSF reported a 39%% drop in its third quarter net profit. Lanxess' quarterly net profit fell to 94 million euro ($120.1 million), while sales dropped 8% to EUR2.2 billion. Its adjusted earnings before interest, tax, depreciation and amortization fell 18% to EUR255 million.