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 24, 2023 / 08:00AM GMT

Release Date Price: €36.03 (-0.58%)

Transcript

Matthias Zachert

LANXESS Aktiengesellschaft - CEO & Chairman of the Board of Management

Good morning, ladies and gentlemen. On behalf of the entire Board of Management, I would like to extend a very warm welcome to this year's Annual Stockholders' Meeting.

When I spoke to you on this occasion last May, Russia's war on Ukraine was still at the forefront of all our minds, with the invasion having taken place just 2 months previously, and many of us will still have hoped for a swift resolution to the conflict.

12 months on, the sobering reality is that the brutal fighting continues, and the suffering of the Ukrainian people remains. Hopes for a quick path to peace have been shattered.

In light of this and the horrific events, it might seem inappropriate to talk about the impact the war is having on the economy and on our company. But as a business, however, it is important for us to engage with these aspects. That is our responsibility to our employees, to our customers and to you, our shareholders.

We fulfilled this responsibility once again in the past year. We

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