Lanxess : Q2 EBITDA confirms strong prelims.; Q3 'close or up to Q2' and 2024 EBITDA of € 560-615m (cons. € 575m) reiterated, Q4 looks conservative
>Final Q2 EBITDA pre of € 181m in line with strong prelims. beat vs cons. of € 146m as savings gain traction - Group sales declined by 6% y-o-y to € 1,678m (cons € 1,720m) including flat y-o-y (+5% q-o-q) volumes (Q1 2024: -5.4% y-o-y) where Lanxess flagged 8 out of 10 BUs with higher volumes. Price erosion was -6% y-o-y (Q1 2024: -9.2%) and 'slightly down' q-o-q. Final EBITDA pre of € 181m was in line with strong preliminary results, beating the consensus of € 146m ...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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