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

Lanxess AG Annual Shareholders Meeting Transcript

May 23, 2019 / 08:00AM GMT

Release Date Price: €47.99 (-2.34%)

Transcript

Matthias Zachert

LANXESS Aktiengesellschaft - Chairman of the Board of Management & CEO

Good morning, ladies and gentlemen. I, too, would like to welcome you most warmly to the 2019 Annual Stockholders' Meeting. And let me say one thing right away. We have kept the promises we made at this point last year. We have delivered. 2018 was a successful year strategically, operationally and with regard to the future viability of LANXESS.

The figures for 2018 are evidence of a successful fiscal year despite emerging economic headwinds. However, they also provide evidence of the fact that we made even further progress in 2018. Today, LANXESS is more profitable, more stable and more competitive than ever. With this company, we are well prepared to address current and future challenges and changes in a courageous and innovative manner.

During the past year, all of us here at LANXESS have demonstrated the greatest commitment in working together to ensure our company has a great future and have laid the foundation for this very purpose.

Let me start with the strategic changes that

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