Reported 1 day ago
German specialty chemicals producer Lanxess anticipates its core profit for Q4 2024 to surpass market expectations by over 20%, driven by U.S. customers stockpiling before Trump's inauguration amid tariff concerns. With an estimated EBITDA of around 159 million euros for the quarter, the firm projects annual earnings of approximately 614 million euros, reflecting a 20% increase from the previous year. Analysts suggest this growth is primarily attributed to pre-buying rather than a fundamental demand improvement.
Source: YAHOO