Lanxess : Final Q1 show strong SpecAdd - Flat q-o-q outlook for Q2 - Reiterates FY 22 EBITDA 'significantly' > 2021
>Final Q1 confirm preliminaries reported 20 April, energy/raw mat pass-through now fully established - Lanxess reported a strong start into 2022 with sales growth of 42% y-o-y to € 2,432m, up 17% q-o-q on continuing 'high demand now' (volume +1% y-o-y) and continuing pricing initiatives of 31% y-o-y compared with 25% y-o-y in Q4 2021, including now fully passed on energy/raw mat cost inflation. EBITDA of € 320m gained 32% y-o-y and +50% q-o-q. Implied margin of 13.2% ...Lanxess is a management holding company, engaged in chemicals enterprise with a portfolio ranging from polymers to industrial, specialty and fine chemicals. Co. has three segments, which comprise 14 business units. Co.'s Performance Polymers segments include five units, Butyl Rubber, Performance Butadiene Rubbers, Keltan Elastomers, High Performance Elastomers, and High Performance Materials. Advanced Intermediates segments include two units, Advanced Industrial Intermediates, and Saltigo. Performance Chemicals segments, include seven units, Material Protection Products, Inorganic Pigments, Functional Chemicals, Leather, Rhein Chemie, Rubber Chemicals, and Liquid Purification Technologies.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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