Lanxess : Q3 preview – Only a limited q-o-q improvement; low end of FY guidance (€ 600m) hard to reach, as suggested by € 576m consensus already
>More of the same in Q3, expect EBITDA to regain only 19% q-o-q to € 127m - Lanxess is due to report Q3 results on 8 November, when we don’t expect much to cheer about as underlying markets hardly improved and high production cost inventories still weigh. Hence, the targeted € 50m one-time cost savings announced in summer may have contributed to a sequential improvement of EBITDA pre-exceptionals of +19% q-o-q to € 127m from a very weak and idle cost-driven Q2 of € 10...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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