Lanxess reports Q1 core profit falls 46.6% but holds above expectations
May 8 (Reuters) -Speciality chemicals maker Lanxess LXSG.DE reported a 46.6%dropin its quarterly adjusted core profit, but saying it held abovemarket expectations, as aweak global economic environment in the chemical industry persisted.
The Cologne-based company posted earnings before interest, taxes, depreciation and amortisation (EBITDA) pre-exceptionals of 101 million euros ($108 million) for the first quarter, ahead of a forecast of 97.7 million in a poll by Vara Research.
($1 = 0.9311 euros)
Reporting by Ozan Ergenay; Editing by Tom Hogue
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