LANXESS Aktiengesellschaft reports Q2 results; initiates Q3 and reaffirms FY24 outlook

LANXESS Aktiengesellschaft press release (OTCPK:LNXSF): Q2 EBITDA pre exceptionals up 69.2 percent at €181 million.

LANXESS is confirming its forecast for the current fiscal year 2024 and continues to anticipate an increase in earnings of 10 to 20 percent compared to the previous year’s figure of €512 million EBITDA pre exceptionals. For the third quarter of 2024, LANXESS expects EBITDA pre exceptionals to be close to or up to the level of the second quarter. For the fourth quarter, the Group then anticipates a more muted performance as a result of the normal seasonal development.