German specialty chemicals maker Lanxess said on Thursday its full-year core profit was likely to come at the lower end of its outlook, predicting some headwinds in the third quarter and improvement only later in the year.
* Excess battery inventory to impact H2
(Adds share move, analyst comment, details from earnings call)
German specialty chemicals maker Lanxess reported slightly stronger-than-expected quarterly profit on Wednesday, with firm demand for disinfectant ingredients offsetting a coronavirus-driven slump in engineering plastics.
* All terminals operational; limited virus impact so far
(Updates with CFO comments, details)
LONDON/GDANSK As companies cut dividends in response to the financial havoc caused by the coronavirus, fund managers whose portfolios rely on the payouts are sifting for those most likely to deliver a sustainable yield when the world recovers.
Feb 7 Shares in Belgian materials and recycling
group Umicore fell as much as 4.7% on Friday after an
earnings miss at one of its key divisions overshadowed a
better-than-expected overall operating profit for 2019.