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Lanxess records slight fall in sales but income hit by coronavirus crisis

Germany's Lanxess generated net sales of E1.704 billion in the first quarter of 2020, down only 2% compared to the previous year despite the weak economic environment due to the COVID-19 pandemic. However, EBITDA pre-exceptionals declined by 9.9% to E245 million and net income from continuing o...

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Detalles Bibliográficos
Formato: Online Artículo Texto
Lenguaje:English
Publicado: 2020
Materias:
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7462640/
http://dx.doi.org/10.1016/S0306-3747(20)30092-0
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collection PubMed
description Germany's Lanxess generated net sales of E1.704 billion in the first quarter of 2020, down only 2% compared to the previous year despite the weak economic environment due to the COVID-19 pandemic. However, EBITDA pre-exceptionals declined by 9.9% to E245 million and net income from continuing operations fell more sharply, by 27.6%, to E63 million. The EBITDA margin pre-exceptionals amounted to 14.4% compared to 15.7% in 1Q 2019.
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spelling pubmed-74626402020-09-02 Lanxess records slight fall in sales but income hit by coronavirus crisis Additives for Polymers Article Germany's Lanxess generated net sales of E1.704 billion in the first quarter of 2020, down only 2% compared to the previous year despite the weak economic environment due to the COVID-19 pandemic. However, EBITDA pre-exceptionals declined by 9.9% to E245 million and net income from continuing operations fell more sharply, by 27.6%, to E63 million. The EBITDA margin pre-exceptionals amounted to 14.4% compared to 15.7% in 1Q 2019. 2020-07 2020-09-01 /pmc/articles/PMC7462640/ http://dx.doi.org/10.1016/S0306-3747(20)30092-0 Text en
spellingShingle Article
Lanxess records slight fall in sales but income hit by coronavirus crisis
title Lanxess records slight fall in sales but income hit by coronavirus crisis
title_full Lanxess records slight fall in sales but income hit by coronavirus crisis
title_fullStr Lanxess records slight fall in sales but income hit by coronavirus crisis
title_full_unstemmed Lanxess records slight fall in sales but income hit by coronavirus crisis
title_short Lanxess records slight fall in sales but income hit by coronavirus crisis
title_sort lanxess records slight fall in sales but income hit by coronavirus crisis
topic Article
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7462640/
http://dx.doi.org/10.1016/S0306-3747(20)30092-0