Analysts expect sales decline Lanxess

Tomorrow the German Lanxess will publish its past quarters figures. For this year Lanxess's revenue will be around 6.88 billion euros. This is according to the average of the analysts' estimates. This is rather significant lower than 2022's revenue of 8.09 billion euros.

Historical revenues and results Lanxess plus estimates 2023

Lanxess desk Antwerp © Lanxess

The analysts expect for 2023 a net loss of 44 million euros. The majority of the analysts expects for this year a loss per share of 62 cent. The price/earnings-ratio is then -40.71.

Despite the expected loss the company will probably pay a dividend. For this year the analysts expect a dividend of 10 cents per share. Thus the dividend yield equals 0.4 percent. The average dividend yield of the chemical companies equals a relatively high 2.11 percent.

Based on the current number of outstanding shares Lanxess's market capitalization is 2.18 billion euros.

Historical stock prices Lanxess

At 11.47 the stock trades 1.98 percent higher at 25.24 euros.

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