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Lanxess


Wiadomości

Danske Bank, Lotus Bakeries NV, Vesuvius

EUROPE RESEARCH ROUNDUP-Danske Bank, Lotus Bakeries NV, Vesuvius Aug 13 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Danske Bank, Lotus Bakeries NV and Vesuvius, on Tuesday. HIGHLIGHTS * Abrdn Plc ABDN.L : Morgan Stanley raises target price to 160p from 149p * Danske Bank DANSKE.CO : Morgan Stanley initiates coverage with overweight rating * Lotus Bakeries NV LOTB.BR : Berenberg raises target price to EUR 10,300 from EUR 9,000 *
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AstraZeneca, Beazley, Puma

EUROPE RESEARCH ROUNDUP-AstraZeneca, Beazley, Puma Aug 12 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including AstraZeneca, Beazley and Puma on Monday. HIGHLIGHTS * AstraZeneca AZN.L : TD Cowen raises target price to 14,860p from 13,945p * Beazley BEZG.L : Jefferies raises target price to 1,020p from 975p * Puma SE PUMG.DE : Baader Helvea raises to buy from add * Quilter Plc QLT.L : Berenberg raises target price to 135p from 105p * WPP
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European shares jump, weather turbulence to eke out weekly gain

UPDATE 2-European shares jump, weather turbulence to eke out weekly gain For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window LEG Immobilien up on posting smaller Q2 loss Lanxess reassures with positive Q2 free cash flow, shares up UK's Hargreaves Lansdown agrees $6.9 bln takeover by consortium STOXX 600 up Updated at 1600 GMT By Pranav Kashyap and Ankika Biswas Aug 9 (Reuters) - Europe's main index r ose on Friday, with a continued boost fro
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Positive Q2 FCF boosts Lanxess shares

BUZZ-Positive Q2 FCF boosts Lanxess shares ** Shares in Lanxess LXSG.DE rise around 4% as the speciality chemicals maker reported a positive quarterly free cash flow (FCF) along with its final Q2 results ** "2Q FCF probably not as bad as was feared," J.P. Morgan says ** Jefferies also highlights the positive FCF figure, adds all divisions beat consensus on adj.
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Lanxess reassures with positive Q2 free cash flow

UPDATE 3-Lanxess reassures with positive Q2 free cash flow Posts Q2 free cash flow of 83 million euros Q2 sales decline 5.6% Shares up as much as 6% Recasts to focus on free cash flow, updates shares in paragraph 1 and 6, adds analyst comments throughout, CEO comment in 8 By Linda Pasquini Aug 9 (Reuters) - Germany's Lanxess LXSG.DE generated more cash than expected in the second quarter, boosting its shares on Friday even as the speciality chemicals maker missed sales forecasts.
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Lanxess Forecast For Full Year 2024 Unchanged

BRIEF-Lanxess Forecast For Full Year 2024 Unchanged Aug 9 (Reuters) - LANXESS AG LXSG.DE : FORECAST FOR FULL YEAR 2024 UNCHANGED FOR Q4, GROUP THEN ANTICIPATES A MORE MUTED PERFORMANCE AS A RESULT OF NORMAL SEASONAL DEVELOPMENT. EBITDA MARGIN PRE EXCEPTIONALS FOR Q2 AMOUNTED TO 10.8 PERCENT COMPARED TO 6.0 PERCENT IN SAME PERIOD OF PREVIOUS YEAR Q2
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Lanxess sales drop 5.6% in Q2

Lanxess sales drop 5.6% in Q2 Aug 9 (Reuters) - Speciality chemicals maker Lanxess LXSG.DE on Friday reported a 5.6 % drop in its second-quarter sales, below market expectations, citing lower selling prices as it passed on reduced raw material and energy costs. The Cologne-based company posted revenue of 1.68 billion euros ($1.83 billion) for the second quarter, missing analysts' forecast of 1.72 billion in a poll by Vara Research.
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Standard Lithium names David Park as CEO

Standard Lithium names David Park as CEO Aug 1 (Reuters) - Canadian miner Standard Lithium SLI.V on Thursday named David Park as its new chief executive officer, effective Sept. 1, succeeding longtime CEO Robert Mintak. The incoming CEO has served as a strategic advisor for Standard Lithium over the past year and helped the lithium miner secure an investment from Equinor ASA EQNR.OL in projects located in Southwest Arkansas and East Texas.
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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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