Despite the consensus-beating Q3 figures, the positive Lanxess’ share price performance has taken a breather. The management flagged a more difficult Q4 and guided to the lower end of the unchanged corridor.
We share the management’s view that the factors mentioned will weigh on the figures despite their being part of the business model and the fact that they should be temporary.
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Some challenges flagged for Q4
Despite the consensus-beating Q3 figures, the positive Lanxess’ share price performance has taken a breather. The management flagged a more difficult Q4 and guided to the lower end of the unchanged corridor.
We share the management’s view that the factors mentioned will weigh on the figures despite their being part of the business model and the fact that they should be temporary.