LANXESS First Quarter 2024 Earnings: Revenues Beat Expectations, EPS In Line

LANXESS (ETR:LXS) First Quarter 2024 Results

Key Financial Results

• Revenue: €1.61b (down 15% from 1Q 2023).
• Net loss: €98.0m (down from €10.0m profit in 1Q 2023).
• €1.13 loss per share (down from €0.12 profit in 1Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

LANXESS Revenues Beat Expectations

Revenue exceeded analyst estimates by 3.3%. Earnings per share (EPS) was mostly in line with analyst estimates.

Looking ahead, revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Chemicals industry in Germany.

Performance of the German Chemicals industry.

The company's shares are up 3.7% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 1 warning sign for LANXESS that you need to be mindful of.

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