Lanxess AG (WBO:LXS)
€ 23.21 -0.15 (-0.64%) Market Cap: 2.02 Bil Enterprise Value: 4.53 Bil PE Ratio: 0 PB Ratio: 0.46 GF Score: 66/100

Full Year 2018 Lanxess AG Earnings Call Transcript

Mar 14, 2019 / 12:00PM GMT
Release Date Price: €49.8
Operator

Ladies and gentlemen, thank you for standing by. I'm Stewart, your Chorus Call operator. Welcome, and thank you for joining LANXESS' Full Year 2018 Results Call. I would now like to turn the conference over to André Simon, Head of Investor Relations. Please go ahead.

AndrÃ;Simon

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Yes. Thank you very much, Stuart. Warm welcome to everybody from Cologne and many thanks for joining our Q4 and full year 2018 call. As always, I have our CEO, Matthias Zachert; and our CFO, Michael Pontzen with me. Please take note of our safe harbor statement. And with that, I'm happy to turn it over to Matthias. Please go ahead.

Matthias Zachert
LANXESS Aktiengesellschaft - Chairman of the Board of Management & CEO

Welcome, everybody. I turn to Page #4 of the presentation for fourth quarter 2018. 2018 was a year with a lot of operational delivery, but also strategic milestones that were taken. Noteworthy, the divestiture of rubber -- and I think, in the hindsight, we can say, good timing. We also integrated the phosphorus

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