LANXESS Aktiengesellschaft reports Q2 results; initiates Q3 and reaffirms FY24 outlook

LANXESS Aktiengesellschaft press launch (OTCPK:LNXSF): Q2 EBITDA pre exceptionals up 69.2 % at €181 million.

Income of €1.68B (-5.6% Y/Y).

LANXESS is confirming its forecast for the present fiscal 12 months 2024 and continues to anticipate a rise in earnings of 10 to twenty % in comparison with the earlier 12 months’s determine of €512 million EBITDA pre exceptionals. For the third quarter of 2024, LANXESS expects EBITDA pre exceptionals to be near or as much as the extent of the second quarter. For the fourth quarter, the Group then anticipates a extra muted efficiency on account of the traditional seasonal growth.