Q2 2026 Lanxess AG Earnings Call Transcript

Aug 07, 2026 / 11:00AM GMT

Transcript

Key Points

Positve

Sequential improvement in EBITDA and cash flow, with strong net working capital management, especially on inventory.
Operational turning point in Q2 2026 with improvements in both pricing and volume.
Successful issuance of a EUR500 million bond with strong investor demand, allowing a tightened coupon of 4.375%.
Proactive cost reduction measures, including structural adjustments at Saltigo to improve efficiency.
Management's personal share purchases signal confidence in the company's future potential.

Negative

Persistent macroeconomic uncertainties and headwinds from a weakened US dollar.
Energy price increases negatively impacted the Advanced Intermediates segment's profitability.
Low plant utilization rates, below 70%, reflecting weak industry demand.
Construction industry remains in a deep downturn, delaying recovery in inorganic pigments.
Q3 2026 guidance indicates softer performance compared to Q2, with normal seasonal slowdown expected.

Operator

(audio in progress) '26 conference call. (Operator Instructions) I will hand over to Eva Husmann, Head of Investor Relations, for opening remarks.

Eva Husmann

Lanxess AG - Head of Investor Relations

Yeah. Thank you, Tim, and welcome, everyone, to today's call. Thank you for joining. Before we start, as always, please take note of our Safe Harbor statement. And with me today are, as always, LANXESS CEO, Matthias Zachert; and CFO, Oliver Stratmann. And after a brief overview, we would be happy to take your questions.

With that, hand over to Matthias.

Matthias Zachert

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

Thank you, Eva, and welcome to all of you and thanks for joining our Q2 call on the performance that we have delivered. I turn your attention to page number 4 where we give an overview here, notably, on the sequential improvement that we have indicated to you in our May conference call.

So you see that we -- on EBITDA, are spot on, strong increase sequentially.

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