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

Q1 2019 Lanxess AG Earnings Call Transcript

May 14, 2019 / 06:30AM GMT

Release Date Price: €45.73 (+0.35%)

Transcript

Operator

Ladies and gentlemen, welcome, and we will now be speaking to you here from Cologne.

Unidentified Company Representative

In the time of economic weakness, LANXESS has a stable performance, had a stable start to the year 2019. Earnings and profitability have been increased. In 3 of our 4 segments we have registered a strong performance. And I'm also pleased to be able to tell you that the supervisory body approved a new board member with effect from the 1st of June.

I'd like to begin with the presentation. I'd like to start on Page #4 of the presentation. And here I can show you our key performance indicators for the group. The high level of the prior year was maintained. In the first half of the year, we had a very strong economic performance in 2018. And in the second half of the year we had a decline, which is why we are performing well and are able to confirm our high performance.

Now in contrast to our competitors who registered declines, we managed not only to maintain the strong result from the prior year but we're also able to boost our

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