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Lanxess


뉴스

Lanxess soars as Q2 adj. EBITDA exceeds expectations

BUZZ-Lanxess soars as Q2 adj. EBITDA exceeds expectations ** Shares in Lanxess LXSG.DE rise 17.8% after the German speciality chemicals maker posted Q2 adjusted EBITDA above expectations ** Q2 adjusted EBITDA of EUR 181 mln ($198.01 mln), boosted by inventory reduction and cost-saving measures, beats company-compiled consensus by 32% ** This comes
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Lanxess Q2 core profit beats expectations, shares jump

UPDATE 2-Lanxess Q2 core profit beats expectations, shares jump Q2 EBITDA pre-exceptionals at 181 mln euros Sees Q3 EBITDA pre-exceptionals at about Q2 level Shares soar as much as 22% Adds CEO quote in paragraph 4, context in paragraph 7 and updates share move in paragraph 8 By Ozan Ergenay and Linda Pasquini July 17 (Reuters) - Lanxess LXSG.DE reported a better-than-expected preliminary core profit for the second quarter, and gave an upbeat guidance for the third quarter, sending its shares so
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Lanxess Q2 core profit beats expectations

Lanxess Q2 core profit beats expectations July 17 (Reuters) - Lanxess LXSG.DE reported a better-than-expected preliminary core profit for the second quarter on Wednesday. The Cologne-based chemicals company posted earnings before interest, taxes, depreciation and amortisation (EBITDA) of 181 million euros ($197.89 million), exceeding analysts' expectations of 137 million euros.
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Diageo, Publicis, Wolters Kluwer NV

EUROPE RESEARCH ROUNDUP-Diageo, Publicis, Wolters Kluwer NV July 11 (Reuters) - Securities analysts revised their ratings and price targets on several European companies including Diageo, Publicis and Wolters Kluwer NV, on Thursday. HIGHLIGHTS * Diageo DGE.L : HSBC cuts target price to 3,300p from 3,500p * Mfe-Mediaforeurope NV MFEB.MI : JP Morgan raises to overweight from neutral * Prosiebensat 1 Media SE PSMGn.DE : JP Morgan raises to overweight from neutral * Publicis PUBP.PA : JP Morgan cuts
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VCI Steilemann: Foreign Investments In German Chemical Industry Are Welcomed - Conf Call

BRIEF-VCI Steilemann: Foreign Investments In German Chemical Industry Are Welcomed - Conf Call July 8 (Reuters) - VCI: VCI PRESIDENT STEILEMANN: FOREIGN INVESTMENTS IN GERMAN CHEMICAL INDUSTRY ARE VERY WELCOMED - CONFERENCE CALL Further company coverage: 1COV.DE (Gdansk Newsroom)
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Germany's VCI says chemical industry's half-year sales fall 1%, confirms outlook

Germany's VCI says chemical industry's half-year sales fall 1%, confirms outlook July 8 (Reuters) - Germany's chemical industry recorded sales of 112 billion euros ($121 billion) in the first half of 2024, down 1% from 114 billion euros last year, as the mood in the industry remains cautious, industry lobby VCI said on Monday. The chemicals sector, Germany's third-largest industry that employs roughly half a million workers, continues to struggle as customers are reluctant to place new orders am
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Bunzl, Relx, Rolls-Royce

EUROPE RESEARCH ROUNDUP-Bunzl, Relx, Rolls-Royce July 4 (Reuters) - Securities analysts revised their ratings and price targets on several European companies including Bunzl, Relx and Rolls-Royce, on Thursday. HIGHLIGHTS * Biomerieux BIOX.PA : Midcap raises to buy from hold * Bunzl BNZL.L : HSBC raises to buy from hold * Hennes & Mauritz HMB.ST : HSBC raises to buy from hold * Relx REL.L : Citigroup raises target price to 3525p from 3300p * Rolls-Royce RR.L : Barclays raises target price to 495p
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GS sees uneven recovery for European chemicals; ups Clariant, cuts Akzo

BUZZ-GS sees uneven recovery for European chemicals; ups Clariant, cuts Akzo ** Goldman Sachs favours consumer ingredient and gasses cos over diversified chemicals and paint makers based on pricing power, as the European chemicals sector faces an uneven recovery ** GS notes Europe's STOXX chemicals sub-index .SX4P is up 13% from its October 2023 tr
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Lanxess elects Rainier Van Roessel as new chairman of supervisory board

BRIEF-Lanxess elects Rainier Van Roessel as new chairman of supervisory board May 24 (Reuters) - LANXESS AG LXSG.DE : RAINIER VAN ROESSEL ELECTED NEW CHAIRMAN OF SUPERVISORY BOARD OF LANXESS DR. HANS-JOACHIM MÜLLER (65) WILL JOIN LANXESS SUPERVISORY BOARD AS A NEW MEMBER Further company coverage: LXSG.DE (Gdansk Newsroom)
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Ascential, Cellnex, Wise

EUROPE RESEARCH ROUNDUP- Ascential, Cellnex, Wise May 21 (Reuters) - Securities analysts revised their ratings and price targets on several European companies including Ascential, Cellnex and Wise on Tuesday. HIGHLIGHTS * Ascential ASCL.L : Berenberg re-initiates coverage with buy rating; target price 395p * Burberry BRBY.L : Barclays cuts target price to 1090p from 1340p * Cellnex CLNX.MC : Berenberg raises to buy from hold * Trainline TRNT.L : Deutsche Bank initiates coverage with buy rating a
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Top of the Street: Roche, Inditex, Lanxess, Fortum

BUZZ-Top of the Street: Roche, Inditex, Lanxess, Fortum A round-up of notable broker activity this morning from Europe's top-ranked* analysts: ** Jefferies cuts German chemicals maker Lanxess LXSG.DE to "underperform" from "hold", citing a too-high financial risk related to its debt ** Morgan Stanley downgrades UK-based online car marketplace Auto Trader Group AUTOA.L to "underweight" from "equal-weight", saying the "Deal Builder" service is not driving meaningful growth for another 1-2 years **
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Brokers cut Lanxess to 'underperform' on debt-related risks and low outlook visibility

BUZZ-Brokers cut Lanxess to 'underperform' on debt-related risks and low outlook visibility Adds Exane BNP Paribas' rating change, comments, share move ** German chemicals maker Lanxess LXSG.DE falls around 4% after Jefferies and Exane BNP Paribas downgrade the stock to "underperform" from "hold" on debt-related risks and low visibility on FY guida
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Jefferies cuts Lanxess to 'underperform' on debt related risks

BUZZ-Jefferies cuts Lanxess to 'underperform' on debt related risks ** Jefferies cuts German chemicals maker Lanxess LXSG.DE to "underperform" from "hold", citing a too high financial risk related to its debt ** Lanxess is planning to sell its Urethane Systems business this year to reduce debt, which Jefferies says should provide some support ** Ho
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Antofagasta, Imperial Brands, Sodexo

EUROPE RESEARCH ROUNDUP-Antofagasta, Imperial Brands, Sodexo May 17 (Reuters) - Securities analysts revised their ratings and price targets on several European companies including Antofagasta, Imperial Brands and Sodexo, on Friday. HIGHLIGHTS * Antofagasta Plc ANTO.L : HSBC raises target price to 1,100p from 1,000p * Diploma Plc DPLM.L : Morgan Stanley raises target price to 4,700p from 3,915p * Imperial Brands IMB.L : Jefferies raises target price to 1,850p from 1,710p * OMV AG OMVV.VI : Berenb
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Germany's chemicals sector sees signs of recovery as demand picks up

Germany's chemicals sector sees signs of recovery as demand picks up By Tristan Veyet and Bartosz Dabrowski May 15 (Reuters) - After a couple of tough years, some German chemicals makers saw signs of recovery in orders and volumes in the first quarter, driven by the improving economic situation and higher demand outside of Europe. The industry in Germany, Europe's largest chemicals producer, suffered heavily throughout 2023 due to high production costs and weak demand amidst high inflation.
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Germany's VCI sees chemicals sector 'bright spots' as lifts forecast

Germany's VCI sees chemicals sector 'bright spots' as lifts forecast May 15 (Reuters) - Germany's chemicals industry association raised its annual output forecast on Wednesday, highlighting 'bright spots' after a better than forecast start to 2024 due to higher demand outside Europe, particularly in Asia, North America and Latin America. The VCI lobby group, which represents around 1,900 companies in Germany's third-largest industrial sector, now expects production volumes including pharmaceutic
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Alfa Laval, OMV AG, Unilever Plc

EUROPE RESEARCH ROUNDUP- Alfa Laval, OMV AG, Unilever Plc May 14 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Alfa Laval, OMV AG and Unilever Plc, on Tuesday. HIGHLIGHTS * Alfa Laval ALFA.ST : JP Morgan raises target price to SEK 385 from SEK 325 * Babcock International BAB.L : Citigroup raises target price to 640p from 530p * OMV AG OMVV.VI : Morgan Stanley raises to equal weight from underweight * SKAN Group AG SKAN.S : Baader
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Lanxess slips as investors stay cautious on chemicals recovery

UPDATE 2-Lanxess slips as investors stay cautious on chemicals recovery Q1 core profit 101 mln euros vs forecast 97.7 mln Expects positive trend to continue Shares fell as much as 5.5% as investors stay cautious Rewrites with share decline, CEO and analyst comments By Ozan Ergenay May 8 (Reuters) - Shares in Lanxess LXSG.DE fell as much as 5.5% on Wednesday, with some analysts pointing to caution about prospects for the speciality chemicals industry even as the German group reported a smaller th
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Lanxess Expects Earnings Growth Of 10 To 20 Percent For 2024

BRIEF-Lanxess Expects Earnings Growth Of 10 To 20 Percent For 2024 May 8 (Reuters) - LANXESS AG LXSG.DE : LANXESS AG - EXPECTS EARNINGS GROWTH OF 10 TO 20 PERCENT FOR FULL YEAR 2024 LANXESS AG - GUIDANCE FOR FULL YEAR 2024: EBITDA PRE EXCEPTIONALS EXPECTED TO GROW BY 10 TO 20 PERCENT YEAR-ON-YEAR (2023: EUR 512 MILLION) LANXESS AG - SALES OF EUR 1.
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Lanxess reports Q1 core profit falls 46.6% but holds above expectations

Lanxess reports Q1 core profit falls 46.6% but holds above expectations May 8 (Reuters) - Speciality chemicals maker Lanxess LXSG.DE reported a 46.6 %drop in its quarterly adjusted core profit, but saying it held above market expectations, as a weak global economic environment in the chemical industry persisted. The Cologne-based company posted earnings before interest, taxes, depreciation and amortisation (EBITDA) pre-exceptionals of 101 million euros ($108 million) for the first quarter, ahead
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