LANXESS AG
LXS
ISIN DE0005470405 / Valor 2046021
LANXESS AG
UMushroom community rating:
About company
LANXESS AG is a leading specialty chemicals company based in Cologne, with a global presence in 32 countries and approximately 12,800 employees. The company's core business involves the development, manufacturing, and marketing of chemical intermediates, additives, and consumer protection products, generating annual sales of EUR 6.7 billion. LANXESS operates through three segments: Advanced Industrial Intermediates, Specialty Additives, and Consumer Protection, encompassing 10 Business Units that cater to various applications and markets. The company prioritizes quality in its products and services, ensuring reliability and efficiency for its customers. LANXESS's global network allows for local service and optimal procurement security, supported by certified process management under international standards like ISO 9001 and ISO 14001.
Summarized from source with an LLMView SourceSector: IndustrialsLatest Results (20.08.2024):
Revenue Decline
LANXESS AG reported a revenue of €1,678 million for Q2 2024, reflecting a 6% decrease compared to the €1,778 million recorded in Q2 2023. This decline was primarily attributed to the pass-through of lower raw material, energy, and freight costs.
EBITDA Improvement
Despite the revenue decline, LANXESS AG's EBITDA pre-exceptionals saw a significant increase of 69%, rising from €107 million in Q2 2023 to €181 million in Q2 2024. This improvement was driven by better utilization rates and cost savings from the FORWARD! program.
Free Cash Flow
LANXESS AG achieved a free cash flow of €83 million in Q2 2024, a notable improvement from the previous year. This was supported by ongoing tight working capital management and a focus on cash generation and net debt reduction.
Net Financial Debt
The company's net financial debt decreased from €2,863 million at the end of Q2 2023 to €2,547 million by the end of Q2 2024. This reduction was a result of improved free cash flow and disciplined capital expenditure management.
Outlook
LANXESS AG confirmed its FY 2024 guidance, expecting EBITDA pre-exceptionals to grow by 10-20%. The company anticipates continued improvement in profitability across all segments, driven by higher utilization rates and ongoing cost-saving measures.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
2108 M
Market cap (USD)
350,294
Daily traded volume (Shares)
23.47 / 22.89
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
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Est dividend (USD)
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P/E ratio
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EPS (USD)
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Ratings & reviews
Markus Amstutz
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