The NEW Lanxess reported quite good Q2 figures and a strong profitability increase (partly due to lower costs for the ‘Let LANXESS again’ programme) and some synergies. The top-line was above our expectations and profitability broadly fitted into our picture. The seasonal higher NWC outflow looks like the outlook for the remainder of the year. Consensus was broadly met.
02 Aug 2018
Higher raw material and energy prices have no strong impact
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Higher raw material and energy prices have no strong impact
LANXESS AG (LXS:WBO) | 0 0 (-0.2%) | Mkt Cap: 6,194m
- Published:
02 Aug 2018 -
Author:
Martin Schnee -
Pages:
3
The NEW Lanxess reported quite good Q2 figures and a strong profitability increase (partly due to lower costs for the ‘Let LANXESS again’ programme) and some synergies. The top-line was above our expectations and profitability broadly fitted into our picture. The seasonal higher NWC outflow looks like the outlook for the remainder of the year. Consensus was broadly met.