EU BASIC INDUSTRIES: LANXESS: Conf Call
Nov-06 12:28
(LXSGR; Baa3neg/NR/NR)
• Key point is an additional EUR 100m in cost savings.
• The company needs to negotiate with the unions to get these savings through.
• No further mention of Envalior yet - and really they need to wait for Advent so we don't expect them to say anything.
• Hopeful of German Gov't stimulus feeding into demand by 2H26.
• Some positive results from anti-dumping measures in EU.
• Strategy seems to be to keep costs low and wait out the weak period. They expect weaker competitors to close capacity. This will leave Lanxess in a relatively stronger position.
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