Lanxess : Show me the money - Focus on cash, integration and execution in 2023 - needed and promised
>Investor scepticism, still – management action promised at CMD and implemented, NWC build-up = 27% today’s market cap - The company’s transformation away from volatile earnings in the past years, the 40% automotive share to an estimated 44% (19% in 2019) contribution from the more resilient consumer protection segment to adj. group EBITDA 23 alongside less than 10% automotive exposure, have hardly impressed investors so far. The strong NWC build-up by € 920m YTD or c...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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