Lanxess’ cash pile remained quite high and the pattern of NWC flows gave us no clear indications. Q2 net earnings were positively impacted by the divestment result from the 40% stake sale in Currenta. The group was primarily hit by the lower volumes, except for Consumer Protection. Reported figures were above our expectations, but broadly meet street expectations.
13 Aug 2020
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LANXESS AG (LXS:WBO) | 0 0 (-0.2%) | Mkt Cap: 6,194m
- Published:
13 Aug 2020 -
Author:
Martin Schnee -
Pages:
3
Lanxess’ cash pile remained quite high and the pattern of NWC flows gave us no clear indications. Q2 net earnings were positively impacted by the divestment result from the 40% stake sale in Currenta. The group was primarily hit by the lower volumes, except for Consumer Protection. Reported figures were above our expectations, but broadly meet street expectations.