Lanxess : Q3 EBITDA in-line, FY guidance moved to lower end of € 1bn on energy/waste management, 3% below consensus
>Q3 EBITDA up 44% y-o-y, in-line, with 10% volume growth and 19% price contribution; raw materials/energy contained margin recovery to 1pp - Q3 sales were up 34% y-o-y and 7% q-o-q to € 1,951m (ODDO BHF/consensus € 1,800m/€ 1,815m) on 10% y-o-y volume growth largely linked to auto-heavy Engin. Materials (+17%) and Specialty Additives (13%). Pricing initiatives 19% contributed to y-o-y margin recovery. EBITDA pre. of € 278m was up 44% y-o-y and in-line with our and th...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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