Key Developments: Lanxess AG (LXSG.DE)

LXSG.DE on Xetra

31 Jul 2014
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Latest Key Developments (Source: Significant Developments)

Lanxess AG Board of Management initiates group-wide restructuring program
Thursday, 24 Jul 2014 10:00am EDT 

Lanxess AG:As part of realignment of LANXESS, Board of Management has initiated group-wide restructuring program at its board meeting.Says talks about planned measures resulting from program are being held with Supervisory Board and employee representatives.Says administrative structures and decision-making processes are to be streamlined.Says customer and market orientation in business units to be further improved.  Full Article

Lanxess AG updates FY 2014 EBITDA guidance to a range in line with analysts' estimates; gives Q2 2014 EBITDA guidance above analysts' estimates - Conference call
Thursday, 8 May 2014 07:30am EDT 

Lanxess AG:Guides FY 2014 EBITDA in range of 770 mln euros to 830 mln euros.Guides Q2 2014 EBITDA in range of 220 mln euros to 240 mln euros.FY 2014 EBITDA of 822 mln euros - Thomson Reuters I/B/E/S.Q2 2014 EBITDA of 216 mln euros - Thomson Reuters I/B/E/S.  Full Article

Lanxess AG decides to increase its share capital by 10 percent
Wednesday, 7 May 2014 12:37pm EDT 

Lanxess AG:Has decided to utilize the existing authorized capital in part and to increase the share capital of the company by 10 percent, excluding the subscription rights of the shareholders.The increase of the share capital by a nominal amount of 8,320,266.00 euros is against the issuance of 8,320,266 new, no par-value bearer shares in the company, which carry full dividend rights for the business year 2013.  Full Article

Lanxess AG opens plastics plant in Brazil
Wednesday, 9 Apr 2014 08:00pm EDT 

Lanxess AG:Inaugurates its new plastics plant in Porto Feliz, Brazil.Has invested around 20 million euros in facility, which to initially have annual capacity of 20,000 metric tons.Says up to 50 jobs to be created.New plant is supporting above all demand toward products for megatrend mobility in Latin America.  Full Article

Lanxess AG gives Q1 2014 EBITDA guidance; gives FY 2014 EBITDA guidance below analysts' estimates - Conference Call
Thursday, 20 Mar 2014 09:00am EDT 

Lanxess AG:Expects Q1 2014 EBITDA at around 200 million euros.Expects in FY 2014 slightly improved EBITDA pre compared to FY 2013.Reported EBITDA of 735 million euros in FY 2013.FY 2014 EBITDA of 875 million euros - Thomson Reuters I/B/E/S.  Full Article

Lanxess AG lowers FY 2013 guidance below analysts' estimates; Issues FY 2014 guidance; Proposes 0.50 euro dividend for FY 2013
Wednesday, 26 Feb 2014 04:38am EST 

Lanxess AG:Announces that it has undergone impairment tests, according to IAS 36, that result in exceptional charges of 257 million euros in the fourth quarter of 2013, affecting EBIT and net income in 2013.The full-year net loss for 2013 is expected to be 159 million euros, the 2013 full-year EPS is expected to be negative at -1.91 euros, EBITDA pre exceptionals is not subject to the impairment charges and is expected to be 735 million euros for full 2013.FY 2013 net profit of 108.27 million euros, EPS 1.33 euro, EBITDA 710.34 million euros - Thomson Reuters I/B/E/S.For the current year, it expects a slightly improved EBITDA pre exceptionals due alone to the absence of one-off items, even if selling prices remain at low levels.Plans to propose a dividend of 0.50 euro per share for the business year 2013 at the Annual General Meeting.  Full Article

Lanxess AG appoints new Chairman of the Management Board (CEO)
Sunday, 26 Jan 2014 03:23pm EST 

Lanxess AG:Announces the end, by mutual agreement, of the appointment of Axel C. Heitmann as Member and Chairman of the Board of Management, effective end of Feb. 28.Says supervisory board has appointed as his successor Matthias Zachert, former Chief Financial Officer of LANXESS AG and currently Chief Financial Officer at Merck KGaA, effective not later than May 15.Says until Matthias Zachert joins the Board of Management, LANXESS Chief Financial Officer Bernhard Duettmann will perform the responsibilities of the previous Chairman of the Board of Management.  Full Article

Lanxess AG Confirms FY 2013 Guidance; to Cut 1000 Jobs by 2015
Tuesday, 17 Sep 2013 03:25pm EDT 

Lanxess AG announced that it has confirmed its guidance for the fiscal year 2013 of EUR 700 million to EUR 800 million EBITDA pre exceptions, excluding potential inventory devaluations. Further, the Company plans to increase its annual savings through efficiency improvements and targeted restructuring, which will lead to a headcount reduction of about 1,000 employees worldwide by the end of 2015.  Full Article

Lanxess AG Issues FY 2013 EBITDA Guidance Below Analysts' Estimates-Conference Call
Tuesday, 6 Aug 2013 08:00am EDT 

Lanxess AG announced that for fiscal 2013, it expects EBITDA pre-exceptionals in the bandwidth of EUR700 million to EUR800 million. According to I/B/E/S Estimates, analysts on average are expecting the Company to report EBITDA of EUR805 million for fiscal 2013.  Full Article

Lanxess AG Comments On FY 2013 EBITDA Guidance-Conference Call
Tuesday, 6 Nov 2012 07:00am EST 

Lanxess AG announced that for fiscal 2013, it expects EBITDA pre-exceptional at the lower end of the given guidance, 5% to 10% above previous year, which was a record year so far. The Company will show an EBITDA significantly above 2012.  Full Article

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