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Lanxess AG (LXSG.DE)

LXSG.DE on Xetra

61.55EUR
7 Dec 2016
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Latest Key Developments (Source: Significant Developments)

Lanxess sees 30 mln eur EBITDA from Clean & Disinfect by 2020
Thursday, 1 Sep 2016 03:00am EDT 

Lanxess AG : Annual EBITDA contribution of eur 20 million initially, rising gradually to eur 30 million by 2020 Further company coverage: [LXSG.DE] ((frankfurt.newsroom@thomsonreuters.com; +49 69 7565 1270;)).  Full Article

Lanxess CEO sees continuing margin pressure in rubber ops
Wednesday, 10 Aug 2016 04:50am EDT 

Lanxess CEO Matthias Zachert on conference call : Says earnings decline in rubber operations will continue in H2 . Says will continue to play an active role in M&A . Says margin pressure in rubber operations will continue into 2017 . Says aims to fully consolidate rubber JV for three years, ownership structure shouldn't change for next 5 yrs . Says hopes that Latin America business will pick up again Further company coverage: [LXSG.DE] ((frankfurt.newsroom@thomsonreuters.com; +49 69 7565 1270;)).  Full Article

Lanxess gives Q1 and full FY 2016 EBITDA pre exceptionals outlook, to propose FY 2015 dividend
Wednesday, 16 Mar 2016 08:00pm EDT 

Lanxess AG:Forecast for full FY 2016: EBITDA pre exceptionals between 880 million and 930 million euros.Is forecasting EBITDA pre exceptionals between 240 million and 260 million euros for the first quarter of 2016.Will propose that dividend be increased by 20 pct compared with the prior year to 0.60 euros per share for FY 2015.  Full Article

Lanxess AG raises FY 2015 guidance
Thursday, 5 Nov 2015 01:30am EST 

Lanxess AG:Now sees FY 2015 EBITDA at 860-900 million euros ($932-978 million), compared with previous guidance of 840-880 million euros and up from 808 million last year.FY 2015 adjusted EBITDA 862.93 million euros - Thomson Reuters I/B/E/S.  Full Article

Lanxess sells 50 pct stake in rubber business to Saudi Aramco
Tuesday, 22 Sep 2015 05:26am EDT 

Lanxess AG:Agrees to sell a 50 percent stake in its synthetic-rubber business to Saudi Aramco, partnering with a supplier of petrochemical raw materials.The deal values the joint venture that the two companies will set up at 2.75 billion euros and operational control will be assumed by Lanxess.Saudi Aramco agreed to acquire the 50 percent stake for around 1.2 billion euros in cash, adjusted for debt and payables.  Full Article

Lanxess AG raises FY 2015 outlook
Thursday, 6 Aug 2015 01:30am EDT 

Lanxess AG:Raises outlook, sees FY 2015 adjusted EBITDA at 840 million-880 million euros.Previous target range of 820 million-860 million euros.FY 2015 adjusted EBITDA 834.53 million euros - Thomson Reuters I/B/E/S.  Full Article

Lanxess AG raises FY 2015 profit guidance
Thursday, 7 May 2015 01:50am EDT 

Lanxess AG:Expects FY 2015 adjusted EBITDA of 820 million to 860 million euros.Recently forecasted it FY 2015 adjusted EBITDA to come in at about last year's level of 808 million euros.  Full Article

Lanxess AG gives Q1 and full FY 2015 EBITDA outlook; to propose FY 2014 dividend
Wednesday, 18 Mar 2015 08:00pm EDT 

Lanxess AG:To propose a dividend of 0.50 euros per share to the Annual Stockholders’ Meeting on May 13 for FY 2014.Also paid a dividend of 0.50 euros per share for FY 2013.For Q1 2015, expects EBITDA pre exceptionals to improve against prior-year quarter to between 210 million euros and 230 million euros.For full FY 2015 anticipates EBITDA pre exceptionals at around same level as previous year.FY 2014 reported EBITDA pre exceptionals of 808 million euros.  Full Article

Lanxess AG to appoint Michael Pontzen as Chief Financial Officer
Monday, 16 Mar 2015 08:00pm EDT 

Lanxess AG:Has resolved to appoint Michael Pontzen as member of Board of Management effective April 1.He will assume role of Chief Financial Officer (CFO) at specialty chemicals company.He will succeed Bernhard Duettmann, who is leaving company effective March 31, to take on new career challenges.  Full Article

Lanxess AG to propose FY 2014 dividend
Monday, 16 Feb 2015 07:00pm EST 

Lanxess AG:Plans to propose to Annual Stockholders' Meeting on May 13, that dividend of 0.50 euros per share be paid for fiscal 2014.  Full Article

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Saudi Aramco to almost triple chemicals output by 2030: executive

DUBAI State oil company Saudi Aramco aims to almost triple its chemicals production to 34 million metric tons per year by 2030, a senior company executive said on Monday.