Lanxess AG (LTS:0H7I)

€ 22.805 -0.945 (-3.98%) Market Cap: 1.95 Bil Enterprise Value: 4.46 Bil PE Ratio: 0 PB Ratio: 0.45 GF Score: 71/100

Lanxess AG to Discuss Results for Q2 and FY 2023 Estimates Below Market Expectations Call Transcript

Jun 20, 2023 / 06:30AM GMT

Release Date Price: €26.77 (-15.30%)

Transcript

Operator

Ladies and gentlemen, thank you for standing by. Welcome, and thank you for joining the LANXESS conference call. I would now like to turn the conference over to Eva Frerker. Please go ahead.

Eva Frerker

Thank you, Stephen, and good morning, ladies and gentlemen. Thank you for joining today's call on such short notice. We apologize for any inconvenience this might have caused.

As always, please pay attention to our safe harbor statement, which you can find in any of our presentations. And I'm here today at an investors conference today in Frankfurt. And right here with me is Matthias Zachert, CEO at LANXESS; Michael Pontzen, CFO is, of course, dialed in as well. And Matthias will start with a quick intro, and then we will open the floor directly to your questions. I will now hand over to Matthias. Please go ahead.

Matthias Zachert

LANXESS Aktiengesellschaft - CEO & Chairman of the Board of Management

Thank you, Eva, and welcome, everybody, on this call. LANXESS went out yesterday evening with a profit warning,

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