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.
Copyright (c) 2019 CercleFinance.com. All rights reserved.