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Lanxess: Q2 just under consensus

(CercleFinance.com) - Lanxess has published Q2 2019 net income that is up 3.
1% at 100 million euros, meaning EPS that is up 8.6% at 1.14 euro, albeit one cent short of the consensus.

The German specialty chemist reported adjusted EBITDA that is down 1.4% at 286 million euros, although this leaves the group's margin stable at 15.8% for revenues that are down 1% at 1.81 billion euros.

Considering that its strategic transformation and a more stable position are paying off, Lanxess has confirmed that it expects adjusted EBITDA of between 1 billion and 1.05 billion euros over FY 2019.


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