Lanxess Posts Rise In Q1 Profit, Sales

Lanxess AG LNXSF reported a rise in profit and sales in the first quarter. Lanxess' quarterly after-tax profit climbed 16% y/y to EUR193 million. Its sales gained 15% to EUR2.39 billion. Earnings before interest, taxes, depreciation and amortization surged 15% to EUR369 million. Its earnings per share rose to EUR2.32, from EUR2.