EQS-Adhoc: LANXESS Aktiengesellschaft: EBITDA pre exceptionals for second quarter 2024 significantly above market expectations
Source: EQS
EQS-Ad-hoc:
Ad hoc according to Art. 17 paragraph 1 MAR LANXESS: EBITDA pre exceptionals for second quarter 2024 significantly above market expectation Specialty chemicals company LANXESS expects to achieve a second quarter 2024 EBITDA pre exceptionals that considerably exceeds average market expectation and previous year's level. The preliminary EBITDA pre exceptionals for the second quarter 2024, still subject to auditors’ review, is expected to amount to The second quarter result was driven by higher utilization rates following the severe and intended inventory reduction in 2023. Further support came from the successful implementation of LANXESS’ cost saving program. Compared to the second quarter of 2023, sales volumes increased slightly in some customer industries, albeit offset by a persistent weak demand for agro chemicals and ongoing difficult market conditions in the construction industry. LANXESS confirms the full-year EBITDA pre guidance of an expected growth of 10 to 20 percent versus previous year and now expects EBITDA pre for the third quarter 2024 to be close or up to the level of the second quarter. LANXESS will release its full results for the second quarter of 2024 on
Forward-Looking Statements This company release contains certain forward-looking statements, including assumptions, opinions, expectations and views of the company or cited from third party sources. Various known and unknown risks, uncertainties and other factors could cause the actual results, financial position, development or performance of Contact: Head of Investor Relations Kennedyplatz 1 50569 Köln, Deutschland Telefon: +49 221 8885-3494 Fax: +49 221 8885-4944 E-Mail: andre.simon@lanxess.com End of Inside Information
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Language: | English |
Company: | |
Kennedyplatz 1 | |
50569 |
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Phone: | +49 (0)221 8885-3494 |
Fax: | +49 (0)221 8885-4944 |
E-mail: | ir@lanxess.com |
Internet: | www.lanxess.com |
ISIN: | DE0005470405 |
WKN: | 547040 |
Indices: | MDAX |
Listed: | Regulated Market in |
EQS News ID: | 1948303 |
End of Announcement |
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1948303 17-Jul-