Lanxess reported quite a good set of Q3 figures with profitability (hard figures) slightly above our expectations and barely failing consensus. The reporting period’s figures were characterised by mid single-digit organic growth with a small contribution from higher volumes. Price increases could partly protect margins, but EBITDA was helped by lower non-operating effects. Despite seeing some challenges emerging, management looks to have narrowed the guidance to the upper end of given g
12 Nov 2018
Good momentum until the end of 2018?
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Good momentum until the end of 2018?
LANXESS AG (LXS:WBO) | 0 0 (-0.2%) | Mkt Cap: 6,194m
- Published:
12 Nov 2018 -
Author:
Martin Schnee -
Pages:
3
Lanxess reported quite a good set of Q3 figures with profitability (hard figures) slightly above our expectations and barely failing consensus. The reporting period’s figures were characterised by mid single-digit organic growth with a small contribution from higher volumes. Price increases could partly protect margins, but EBITDA was helped by lower non-operating effects. Despite seeing some challenges emerging, management looks to have narrowed the guidance to the upper end of given g