Lanxess : Showing the money: disposals on track, cash flow recovery/deleveraging, too
>Q3 due 7 November – Summer weighs, as expected - History may not repeat in Q3 compared to a strong consensus beat reported at the Q2 2024 results. Summer takes its toll, weighing on the momentum shown in Q2. We project Q3 2024 adjusted EBITDA coming in 6% below Q2 2024 at € 170m (cons. € 169m) and 42% above last year. Sequential stabilisation at Specialty Additives and Consumer Protection may not fully compensate plant turnover-related headwinds in Advanced Intermedi...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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