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.