Lanxess : Q1 prelim EBITDA pre 7% above cons and guidance, up 32% y-o-y & 50% q-o-q on stronger sales fuelled by sticking price initiatives/firm demand
>9% better than expected sales, up 17% q-o-q as price initiatives probably accelerated further - Lanxess reported a strong start to 2022 with sales growth of 42% y-o-y to € 2,432m, up 17% q-o-q. This is 9% above the consensus of € 2,241m (ODDO BHF: € 2,115m). Lanxess reported on continuing 'high demand now'. Continuing pricing initiatives contributed to 17% q-o-q sequential sales growth as well, we reckon.Prelim Q1 EBITDA pre of € 320m is 7% above the 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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