LANXESS Third Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag

LANXESS (ETR:LXS) Third Quarter 2024 Results

Key Financial Results

• Revenue: €1.60b (flat on 3Q 2023).
• Net income: €1.00m (up from €131.0m loss in 3Q 2023).
• Profit margin: 0.1% (up from net loss in 3Q 2023).
• EPS: €0.01 (up from €1.52 loss in 3Q 2023).

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

LANXESS EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 3.7%. Earnings per share (EPS) exceeded analyst estimates.

Looking ahead, revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Chemicals industry in Germany.

Performance of the German Chemicals industry.

The company's shares are down 12% from a week ago.

Risk Analysis

Be aware that LANXESS is showing 1 warning sign in our investment analysis that you should know about...

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