Lanxess : Q3 solid with EBITDA pre of € 173m +2% vs. css; +10-20% FY 2024 EBITDA outlook confirmed, in line with css at midpoint of +15%
>Q3 EBITDA pre of €173m 2% ahead of cons (€ 169m) with volume recovery across all BUs, except Ag (Saltigo) - Group sales were flat y-o-y at €1,598m (cons €1,658m) including 5% y-o-y higher volumes (Q2 2024: 0% y-o-y) where Lanxess flagged 9 out of 10 BUs with higher volumes, except Saltigo (Ag) weighing on -5% y-o-y reported in Consumer Protection volumes. Price erosion was -4% y-o-y (Q2 24: -6%) mainly on pass through of lower raw materials prices. EBITDA pre of €17...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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