Lanxess reports Q3 core profit ahead of expectations
Nov 7 (Reuters) -Speciality chemicals maker Lanxess LXSG.DE on Thursday reported a rise in its third-quarter core profit, abovemarket expectations, citing higher volumes, cost savings and a more efficient management of its production plants.
Quarterly earnings before interest, taxes, depreciation and amortization (EBITDA) pre-exceptionals rose 45.4% to 173 million euros ($185.85 million), beatinganalysts' forecast of 169 million in a poll by Vara Research.
($1 = 0.9308 euros)
Reporting by Linda Pasquini and Jagoda Darlak in Gdansk, Editing by Rachel More
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