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Last €44.93 EUR
Change Today +0.95 / 2.16%
Volume 427.9K
As of 11:06 AM 09/3/15 All times are local (Market data is delayed by at least 15 minutes).

lanxess ag (LXS) Snapshot

Open
€43.87
Previous Close
€43.98
Day High
€45.08
Day Low
€43.87
52 Week High
07/23/15 - €56.50
52 Week Low
01/15/15 - €33.53
Market Cap
4.1B
Average Volume 10 Days
937.2K
EPS TTM
€0.83
Shares Outstanding
91.5M
EX-Date
05/14/15
P/E TM
54.3x
Dividend
€0.50
Dividend Yield
1.11%
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.

16,349 Employees
Last Reported Date: 08/6/15
Founded in 1863

lanxess ag (LXS) Top Compensated Officers

Chairman of The Board of Management
Total Annual Compensation: €2.0M
Labor Relations Director and Member of Board ...
Total Annual Compensation: €1.4M
Compensation as of Fiscal Year 2014.

lanxess ag (LXS) Key Developments

Lanxess Opens New EUR 200 Million Plant on Jurong Island; to Cut 1,000 Jobs in Germany, and Close Down Rubber Plant by the End of Year 2015

Lanxess remains confident about its growth prospects, especially in Asia, despite the tough market conditions plaguing the rubber industry. The company has forged ahead with its expansion strategy in the region. The group opened its new EUR 200 million plant on Jurong Island - one of its large single investments. The neodymium butadiene rubber facility, which produces synthetic rubber that can increase fuel efficiency and performance in tyres, is the company's first such plant in Asia. The new plant, which has a production capacity of 140,000 tonnes a year, will serve global markets, with an emphasis on meeting the growing demand in Asia. The plant has generated about 100 highly skilled jobs here, largely filled by locals. The company has been undergoing an aggressive restructuring exercise amid the industry downturn. The company will cut 1,000 jobs in Germany, and close down a rubber plant there by the end of year 2015.

Lanxess Is Looking For A Potential Partner

Lanxess AG (XTRA:LXS) is looking for a potential partner to join a new entity that will also consist of its tyre & specialty rubbers (TSR) and high performance elastomers units, which will be carved out from the business group, a senior company executive said on August 27, 2015. Lanxess will place its tyre & speciality rubbers and high performance elastomers business units - comprising 20 production facilities and administration staffed by 3,700 employees - into the new entity. "We are looking for a new partner and this process is moving at this point in the right direction," Jorge Noguiera, the head of the Lanxess' TSR business unit, told ICIS. It was not immediately clear as to whether the company is looking for a new joint venture partner, or is planning to make an acquisition as part of its plans. "A partner will give us more flexibility, the point is to find a partner to make it [the new entity] potentially stronger from a raw materials standpoint," Noguiera said. "The idea is that carving out the two units will give us the flexibility to move into a potential partnership much faster than just waiting," he added. Noguiera said the company has no fixed timeline to announce a partner or the new entity.

Lanxess AG Presents at Jefferies 11th Annual Industrials Conference, Aug-10-2015

Lanxess AG Presents at Jefferies 11th Annual Industrials Conference, Aug-10-2015 . Venue: Grand Hyatt, 109 E. 42nd Street, New York, New York, United States. Speakers: Michael Pontzen, Chief Financial Officer and Member of the Board of Management.

 

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Industry Analysis

LXS

Industry Average

Valuation LXS Industry Range
Price/Earnings 54.0x
Price/Sales 0.5x
Price/Book 1.8x
Price/Cash Flow 54.0x
TEV/Sales 0.2x
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