Q2 sales saw strong growth of +30% (v: +11%; p: +1%; FX: +1%; portfolio: +16%) to €4,923m, whereas the gross profit margin declined from 24.6% to 22.4% due to higher raw material and energy costs. EBITDA posted a significant drop by -22% to €227m absorbing the one-offs. Net profit attributable to shareholders deteriorated from €75m to €3m. Operating CF declined by -13% to €156m burdened by the weaker operating performance, which could not be offset by lower NWC outflo
10 Aug 2017
One-offs spoiled the party, guidance confirmed
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One-offs spoiled the party, guidance confirmed
LANXESS AG (LXS:WBO) | 0 0 (-0.2%) | Mkt Cap: 6,194m
- Published:
10 Aug 2017 -
Author:
Martin Schnee -
Pages:
3
Q2 sales saw strong growth of +30% (v: +11%; p: +1%; FX: +1%; portfolio: +16%) to €4,923m, whereas the gross profit margin declined from 24.6% to 22.4% due to higher raw material and energy costs. EBITDA posted a significant drop by -22% to €227m absorbing the one-offs. Net profit attributable to shareholders deteriorated from €75m to €3m. Operating CF declined by -13% to €156m burdened by the weaker operating performance, which could not be offset by lower NWC outflo