Lanxess AG (CHIX:LXSd)
€ 25.45 (0%) Market Cap: 2.20 Bil Enterprise Value: 4.59 Bil PE Ratio: 0 PB Ratio: 0.52 GF Score: 69/100
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Q4 2024 Lanxess AG Earnings Call Transcript

Mar 20, 2025 / 12:00PM GMT
Release Date Price: €29.51 (-7.26%)

Key Points

Positve
  • Lanxess AG (LNXSF) reported a 20% increase in EBITDA for 2024, exceeding initial guidance.
  • The company successfully implemented its cost savings program, FORWARD!, which contributed to increased profitability.
  • Lanxess AG (LNXSF) secured long-term financing with a new sustainability-linked revolving credit facility.
  • The company achieved a top safety performance ranking in the European industry for the third consecutive year.
  • Lanxess AG (LNXSF) is on track with its portfolio transformation, focusing on chemicals and divesting from polymers, with expected cash proceeds to aid in debt reduction.
Negative
  • 2024 was a challenging year with weak macroeconomic demand and significant destocking in the agro industry.
  • The Consumer Protection segment faced a downturn due to destocking in the agrochemical sector, particularly impacting Saltigo.
  • The construction industry remained a drag on the Additives segment, affecting profitability.
  • Advanced Intermediates have not returned to normal profitability levels, despite some recovery from 2023.
  • The company anticipates only modest macroeconomic improvements in 2025, with ongoing political and economic uncertainties.
Operator

Good day, and thank you for standing by. Welcome to the Lanxess AG full year 2024 results webcast and conference call. (Operator Instructions) Please be advised that today's conference is being recorded. I would now like to hand the conference over to your first speaker today, André Simon, Head of Investor Relations. Please go ahead, sir.

AndrÃ;Simon
Lanxess AG - Head of Investor Relations

© -

Yeah. Thank you very much, Erin, and a warm welcome to everybody to our Q4 full year '24 conference call from my side as well. As always, we begin by asking you to take notice of our safe harbor statements. And with me today is our CEO, Matthias Zachert; and our CFO, Oliver Stratmann. Matthias will start with a short presentation, and then we will open the floor for your questions. And with that, I'm happy to hand over to Matthias. Please go ahead.

Matthias Zachert
Lanxess AG - Chairman of the Management Board, Chief Executive Officer

Thank you so much, and welcome to all of you to our fourth quarter conference

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