Lanxess : Q4 in line; weak Q1 23 as expected, but flat EBITDA 23 outlook may please the consensus, with -2% y-o-y seen
>Q4 sales gained 18% y-o-y to € 1,973m (cons/ODDO € 1,976m/€ 1,977m) on continuing pricing initiatives at +19% y-o-y, volumes -13% y-o-y on destocking - Q4 sales gained 18% y-oy to € 1,973m (cons/ODDO BHF €1,976m/€1,977m) on continuing pricing initiatives at +19% y-o-y in Q4 (Q3: +26%) while volumes suffered from customer and intentional internal destocking, pushing volumes down by 13% (Q3: -6% y/y). This was primarily in the energy-intense AI segment, with volumes -2...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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