Pfleiderer Sees Return to Profit in 2011

Neumarkt, Germany, June 14, 2010–Increasing prices and recovering markets should help Pfleiderer AG become profitable next year, the magazine WirtschaftsWoche reported, citing CEO Hans Overdiek.

Shareholders may be paid a dividend in 2012 if markets normalize, Overdiek told the the weekly. The German company intends to reduce debt by as much as 350 million euros ($424 million) within three years, according to WirtschaftsWoche.