Analysts expect over 2024 decreasing revenue Lanxess

Tomorrow the German company Lanxess will publish its past quarters results. For this year the company, based in Cologne revenue will be around 6.62 billion euros. This is according to the average of the analysts' estimates. This is slightly lower than 2023's revenue of 6.71 billion euros.

Historical revenues and results Lanxess plus estimates 2023

Lanxess desk Antwerp © Lanxess

The analysts expect for 2024 a net loss of 8 million euros. According to most of the analysts the company will have a loss per share for this book year of 6 cent. The price/earnings-ratio is then -458.5.

Despite the expected loss the company will probably pay a dividend. For this year the analysts expect a dividend of 13 cents per share. The dividend yield is then 0.47 percent. The average dividend yield of the chemical companies equals an attractive 2.11 percent.

Recent target prices around 30 euros

Lanxess's market capitalization is based on the number of outstanding shares around 2.38 billion euros.

Historical stock prices Lanxess2007-2024

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