The earnings call presented a balanced view with notable achievements in cost savings, EBITDA growth, and debt reduction. However, these were tempered by significant challenges in macroeconomic demand and specific industry segments like agro and construction. The company's strategic focus on chemicals and successful portfolio transformation are positive, yet the current economic environment remains a concern.
Company Guidance
In the recent LANXESS AG conference call discussing the full year 2024 results, the management provided several key financial metrics and future guidance. The company's EBITDA increased by 20%, surpassing the initial guidance of a 10% to 20% improvement, attributed to the successful FORWARD cost savings program and improved utilization rates. Despite modest profitability, the company maintained a strong cash flow, with a focus on further debt reduction. The financial debt decreased by approximately €100 million, or 5%, and the company secured long-term financing with a new sustainability-linked revolving credit facility. The company anticipates modest macroeconomic improvements in 2025, with a reported EBITDA guidance of €600 million to €650 million, including contributions from the Urethane Solutions segment. For Q1 2025, an EBITDA improvement of 25% to 35% is expected compared to the previous year. Additionally, LANXESS highlighted the completion of its portfolio transformation towards specialty chemicals, emphasizing a focus on operational excellence to drive future margin improvements.
Successful Cost Savings Program
The implementation of the FORWARD cost-saving program accelerated, leading to increased profitability despite challenging market conditions.
EBITDA Growth
LANXESS achieved a 20% increase in EBITDA, meeting the upper end of their guidance range for 2024.
Debt Reduction Achievements
Financial debt decreased by roughly €100 million, a 5% reduction, showcasing effective debt management.
Portfolio Transformation
The company accelerated its focus on chemicals by divesting polymers, with the transaction closing faster than expected.
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LANXESS (DE:LXS) Earnings, Revenues Date & History
The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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DE:LXS Earnings-Related Price Changes
Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Mar 20, 2025
€30.82
€29.28
-5.00%
Nov 07, 2024
€25.68
€24.24
-5.61%
Aug 09, 2024
€21.70
€23.07
+6.31%
May 08, 2024
€28.53
€27.41
-3.91%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does LANXESS (DE:LXS) report earnings?
LANXESS (DE:LXS) is schdueled to report earning on May 08, 2025, TBA Not Confirmed.
What is LANXESS (DE:LXS) earnings time?
LANXESS (DE:LXS) earnings time is at May 08, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.