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Lanxess AG

LXSG.DE

Latest Trade

47.50EUR

Change

-2.00(-4.04%)

Volume

423,028

Today's Range

46.88

 - 

49.37

52 Week Range

25.68

 - 

64.58

As of on the XETRA ∙ Minimum 15 minute delay

Latest Developments

Lanxess Says New Study Shows Lanxess Disinfectant Kills COVID-19 In 60 Seconds

July 29 (Reuters) - LANXESS AG <LXSG.DE>::NEW STUDY: LANXESS DISINFECTANT KILLS CORONAVIRUS SARS-COV-2 IN JUST 60 SECONDS.EFFICACY OF RELY+ON VIRKON SCIENTIFICALLY PROVEN.PROVEN TO PROTECT AGAINST COVID-19 VIRUS.RELY+ON VIRKON ACHIEVED RAPID AND COMPLETE INACTIVATION OF SARS-COV-2 VIRUS AT A DILUTION RATIO OF 1:100 IN JUST 60 SECONDS, AND AT AN ECONOMICAL 1:600 IN-USE DILUTION WITH A 10 MINUTE CONTACT TIME.

Infosys Announces A Strategic, Long-term Pact With LANXESS

July 20 (Reuters) - Infosys Ltd <INFY.NS>::ANNOUNCED A STRATEGIC LONG TERM PARTNERSHIP WITH LANXESS.INFOSYS WILL SUPPORT LANXESS IN ITS IT INFRASTRUCTURE DIGITIZATION STRATEGY.

Suez Acquires Lanxess Reverse Osmosis Membrane Portfolio

July 16 (Reuters) - SUEZ SA <SEVI.PA>::ACQUIRES LANXESS REVERSE OSMOSIS MEMBRANE PORTFOLIO TO EXPAND GLOBAL WATER TREATMENT OFFERING.DEAL IS EXPECTED TO BE COMPLETED IN COMING MONTHS, FOLLOWING CONSULTATION WITH RELEVANT WORKERS' COUNCIL.AGREEMENT TO PURCHASE LANXESS'S RO PRODUCT LINE INCLUDES MEMBRANES, RAW MATERIALS, AND PRODUCTION FACILITY LOCATED IN BITTERFELD, GERMANY.

Lanxess Realigns Water Treatment Business

July 16 (Reuters) - LANXESS AG <LXSG.DE>::LANXESS REALIGNS WATER TREATMENT BUSINESS.SALE OF REVERSE OSMOSIS MEMBRANE BUSINESS TO SUEZ.CONSTRUCTION OF A NEW PLANT FOR ION EXCHANGE RESINS IN PLANNING STAGE.COMPANY PLANS TO BUILD A NEW PRODUCTION FACILITY, FOR WHICH IT INTENDS TOINVEST BETWEEN 80 AND 120 MILLION EUROS IN COMING YEARS.NEW ION EXCHANGE RESIN PLANT WILL HAVE A PRODUCTION CAPACITY OF BETWEEN 20,000 AND 30,000 CUBIC METERS AND IS SCHEDULED FOR COMPLETIONWITHIN NEXT FIVE YEARS.

Lanxess Cuts 2020 EBITDA Forecast

May 6 (Reuters) - LANXESS AG <LXSG.DE>::LANXESS ROBUST IN Q1 OF 2020 DESPITE CORONAVIRUS CRISIS.SALES DOWN ONLY SLIGHTLY YEAR-ON-YEAR AT EUR 1.704 BILLION.EBITDA PRE EXCEPTIONALS FALLS BY 9.9 PERCENT TO EUR 245 MILLION.EBITDA MARGIN PRE EXCEPTIONALS AT 14.4 PERCENT.STRONG LIQUIDITY POSITION INCREASED TO AROUND EUR 3 BILLION FOLLOWING CURRENTA SALE.GUIDANCE FOR FULL YEAR ADJUSTED: EBITDA PRE EXCEPTIONALS OF EUR 800 MILLION TO EUR 900 MILLION.IN SECOND AND THIRD QUARTERS, LANXESS EXPECTS IMPACT OF CORONAVIRUS PANDEMIC TO INTENSIFY.BASED ON INFORMATION CURRENTLY AVAILABLE, COMPANY EXPECTS EBITDA PRE EXCEPTIONALS FOR Q2 TO BE BETWEEN EUR 200 MILLION AND EUR 250 MILLION.FOR 2020 AS A WHOLE, LANXESS NOW ANTICIPATES EBITDA PRE EXCEPTIONALS OF EUR 800 MILLION TO EUR 900 MILLION.COMPANY WAS PREVIOUSLY EXPECTING ANNUAL EARNINGS OF BETWEEN EUR 900 MILLION AND EUR 1 BILLION.Q1 NET INCOME FROM CONTINUING OPERATION DECLINED BY 27.6 PERCENT FROM EUR 87 MILLION TO EUR 63 MILLION.

Lanxess Suspends Share Buyback Due To Corona Crisis

April 6 (Reuters) - LANXESS AG <LXSG.DE>::SUSPENDS SHARE BUY-BACK.SUSPENDS BUYBACK IN VIEW OF CORONA CRISIS.AIM IS TO CONSERVE GROUP'S LIQUIDITY IN LIGHT OF CURRENT UNCERTAINTIES DUE TO CORONA PANDEMIC.SUSPENSION FOR AN INDEFINITE PERIOD.

Lanxess Postpones AGM Due To Coronavirus Outbreak

March 23 (Reuters) - LANXESS AG <LXSG.DE>::POSTPONES AGM DUE TO CORONAVIRUS OUTBREAK.MEETING OF SHAREHOLDERS TO BE HELD AT A LATER DATE.RESOLUTION ON APPROPRIATION OF 2019 BALANCE SHEET PROFIT AND PAYMENT OF THE DIVIDEND WILL BE POSTPONED.

Lanxess CEO Says Looking To Strike Deal To Sell Leather Business

March 11 (Reuters) - LANXESS AG <LXSG.DE>::CEO SAYS SUPPLY CAPACITY WILL LIKELY BE REDUCED BY 5% DUE TO VIRUS-RELATED LOGISTICS PROBLEMS, SEES PEAK IN MARCH, APRIL.CEO SAYS MEASURED SIZE AND 24-MONTH DURATION OF SHARE BUYBACK PROGRAMME STILL ALLOWS FOR POTENTIAL M&A DEALS, LOOKING AT A FEW NICE TARGETS.CEO SAYS LOOKING TO STRIKE DEAL TO SELL LEATHER BUSINESS OVER NEXT 6 MONTHS.

Lanxess CEO Says Planning Further Acquisitions

March 11 (Reuters) - LANXESS AG <LXSG.DE>::ALL PRODUCTION FACILITIES IN CHINA UP AND RUNNING AGAIN - CEO.AFTER BUYING BRAZILIAN BIOCIDE MANUFACTURER, PLANS FURTHER ACQUISITIONS - CEO.DRIVING FORWARD SALE OF LEATHER BUSINESS UNIT - CEO.CORONAVIRUS IMPACT: IN SOME PROVINCES UP TO 70% OF LOGISTICS CAME TO A HALT HITTING DISTRIBUTION IN CHINA - CEO .NEW CONSUMER PROTECTION SEGMENT WILL BE SET UP IN 2020, WE HAVE VERY GOOD MARKET POSITION DUE TO STRONG REGULATION - CEO.

Lanxess Sees Profit Hit From Coronavirus

March 11 (Reuters) - LANXESS AG <LXSG.DE>::ACHIEVES FULL-YEAR TARGET FOR 2019 DESPITE CHALLENGING ENVIRONMENT.FY 2019 SALES EUR 6.802 BILLION EUR.FY 2019 EBITDA PRE EXCEPTIONALS INCREASES 3.3 PERCENT TO EUR 1.019 BILLION.2020 GUIDANCE: OPERATIONALLY STABLE; HOWEVER, EFFECTS FROM CORONAVIRUS BURDEN; EBITDA PRE EXCEPTIONALS OF EUR 900 MILLION TO EUR 1.0 BILLION.EXPECTS EFFECTS OF CORONAVIRUS EPIDEMIC TO IMPACT OPERATING RESULT BY BETWEEN EUR 50 MILLION AND EUR 100 MILLION FOR YEAR 2020.DIVIDEND PROPOSAL FOR FISCAL YEAR 2019: EUR 0.95.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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