Lanxess : Q4 in line, good start in Q1 suggests FY 2022 consensus within reach, if no major geopolitical headwind. No quantified outlook range
>Q4 sales up 39% y-o-y including accelerated pricing of 25% (19% Q3), energy pass-through clauses at c. 50% of contracts, 60-80% until YE - Q4 sales were up 39% y-o-y and 7% q-o-q to € 2,082m (consensus € 1,849m) on 3% y-o-y volume growth largely linked to Consumer Protection (+8%) and auto-heavy Engin. Materials (+3%). Pricing initiatives accelerated to 25% in Q4 from 19% y-o-y in Q3 21 but mathematically diluting margin to 10.2% from 13.3% in Q4 2020. Energy price ...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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