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Last €49.61 EUR
Change Today +0.118 / 0.24%
Volume 155.6K
As of 8:39 AM 03/27/15 All times are local (Market data is delayed by at least 15 minutes).

lanxess ag (LXS) Snapshot

Open
€49.49
Previous Close
€49.49
Day High
€49.68
Day Low
€48.90
52 Week High
04/10/14 - €56.75
52 Week Low
01/15/15 - €33.53
Market Cap
4.5B
Average Volume 10 Days
849.5K
EPS TTM
€0.57
Shares Outstanding
91.5M
EX-Date
05/14/15
P/E TM
87.4x
Dividend
€0.50
Dividend Yield
1.01%
Current Stock Chart for LANXESS AG (LXS)

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lanxess ag (LXS) Details

LANXESS Aktiengesellschaft develops, manufactures, and markets plastics, rubber, intermediates, and specialty chemicals worldwide. It operates in three segments: Performance Polymers, Advanced Intermediates, and Performance Chemicals. The Performance Polymers segment offers rubbers for use in vehicles, tiers, construction, and footwear industries; engineering plastics; and polyamide compounds. The Advanced Intermediates segment offers intermediates for the agrochemical and coating industries; and fine chemicals as precursors and intermediates for pharmaceuticals, agrochemicals, and specialty chemicals, as well as custom manufacturing services. The Performance Chemicals segment provides material protection products; inorganic pigments for the coloring of concrete, emulsion paints, and other coatings; finishing agents for the leather industry; rubber chemicals; reverse osmosis membrane elements and ion exchange resins for water treatment; and plastics additives, such as flame retardants and plasticizers. LANXESS Aktiengesellschaft was founded in 1863 and is headquartered in Cologne, Germany.

16,584 Employees
Last Reported Date: 03/19/15
Founded in 1863

lanxess ag (LXS) Top Compensated Officers

Chairman of The Board of Management
Total Annual Compensation: €2.0M
Chief Financial Officer and Member of the Boa...
Total Annual Compensation: €1.4M
Industrial Relations Director and Member of B...
Total Annual Compensation: €1.4M
Compensation as of Fiscal Year 2014.

lanxess ag (LXS) Key Developments

Lanxess Plans to Slash About 140 Jobs in Rubber Production; Reports Earnings Results for the Fourth Quarter and Full Year 2014; Provides Earnings Guidance for the First Quarter and Full Year 2015

Lanxess announced that it plans to slash about 140 jobs in rubber production, in addition to the already announced elimination of 1,000 positions. The company reported earnings results for the fourth quarter and full year 2014. For the quarter, the company reported sales fell by 5.5% year on year to EUR 1.9 billion, while pre-exceptional earnings before interest, tax, depreciation and amortization (EBITDA) was down by 12.5% to EUR 154 million. Its operating result, or earnings before interest and taxes (EBIT), narrowed to a loss of EUR 62 million from the loss of EUR 262 million in the same period of 2013. Net loss narrowed to EUR 68 million last year, compared with the loss of EUR 204 million in 2013, amid lower operating losses. For the year 2014, the company's adjusted EBITDA stood at EUR 808 million in 2014, up from EUR 735 million in 2013. The company swung to a net income of EUR 47 million from a net loss of EUR 159 million in 2013. Its sales fell by 3.5% year on year to EUR 8 billion in 2014. For the first quarter of 2015, the company expects EBITDA pre-exceptional to improve against the prior-year quarter to between EUR 210 million and EUR 230 million. For the year 2015, the company expects earnings before interest, taxes, depreciation and amortisation (EBITDA), adjusted for special items, to be on the previous year's level in 2015.

Lanxess to Reduce Nd-PBR Production at Texas Site

Lanxess announced that it will be reducing production of neodymium polybutadiene rubber (Nd-PBR) at Orange, Texas in 2016 as it focuses global production of that product at Dormagen, Germany, and at Singapore. The company also said that it plans to close an ethylene propylene diene monomer (EPDM) facility at Marl, north of Essen, Germany, by the end of 2015.

LANXESS Announces Management Changes

LANXESS has appointed Michael Pontzen as its new chief financial officer, effective from 1 April. Pontzen, currently head of LANXESS' corporate controlling, succeeds Bernhard Duttmann, who will leave the company on 31 March. In the meeting held on March 20, 2015, the Supervisory Board resolved to propose Lawrence A. Rosen, member of the Board of Management of Deutsche Post AG, and Dr. Matthias Wolfgruber, Chairman of the Management Board of Altana AG, to the Annual Stockholders Meeting on May 13, 2015, for election as members of the Supervisory Board. Supervisory Board members Rainer Laufs and Robert J. Koehler will both be leaving the body upon expiration of their current terms of office.

 

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Industry Analysis

LXS

Industry Average

Valuation LXS Industry Range
Price/Earnings 84.8x
Price/Sales 0.5x
Price/Book 1.9x
Price/Cash Flow 87.7x
TEV/Sales 0.2x
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