Lanxess’ reported figures were, all in all, quite a re-bounce story, but the operating CF was severely hit by the strong NWC outflow. This was mainly a result of the higher inventories. Nevertheless, the company has shown its resilience and its determination to cushion the negative effects from higher raw material prices.
Consensus was beaten by +8.9% at the top line and by +3.9% at EBITDA pre level.
The guidance adjustment stemmed mainly from acquisitions’ contributions.
11 Aug 2021
The upswing took its toll on cash flow
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The upswing took its toll on cash flow
Lanxess’ reported figures were, all in all, quite a re-bounce story, but the operating CF was severely hit by the strong NWC outflow. This was mainly a result of the higher inventories. Nevertheless, the company has shown its resilience and its determination to cushion the negative effects from higher raw material prices.
Consensus was beaten by +8.9% at the top line and by +3.9% at EBITDA pre level.
The guidance adjustment stemmed mainly from acquisitions’ contributions.