In recent weeks, the share price of specialty chemicals group Lanxess has risen steadily. Quarterly results are expected next Tuesday. The share is currently trading at EUR 62.30, having reached a low of EUR 56.06 at the beginning of July.
LANXESS AG is one of Europe’s leading suppliers of chemicals and polymers, with an extensive product portfolio comprising polymers as well as basic, specialty and fine chemicals. The specialty chemicals group develops, produces and markets plastics, rubbers, additives, specialty chemicals and chemical intermediates. LANXESS also supports its customers in the development and implementation of system solutions. In the past fiscal year, Lanxess generated a bottom-line profit of EUR 885 million. Sales amounted to 6.10 billion euros. Investors are now waiting for August 10, 2021.