Lanxess : Next PW in chemicals, Q2 EBITDA seen 50% below cons., EBITDA 2023 cut by 30% at mid-point to € 625m (-30% vs cons. € 887m) on flat H2 vs H1 outlook
>Q2 EBITDA seen € 100m, 50% below guidance/consensus of € 200m - Lanxess warned that "very weak demand combined with continued customer de-stocking … lasted into the second quarter and are ongoing". Highlighted demand weakness in construction, electro/electronics and "even from usually stable consumer-related products" weighed on weak utilisation and earnings. June recovery is 'not visible', according to Lanxess. Lanxess now projects Q2 EBITDA of € 100m, 50% below con...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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