Lanxess Ag Ord (LNXSF) Q1 2025 Earnings Call

Investor webinar replay

Watch the replay and follow the connected company analysis, news, and investor updates for Lanxess Ag.

Watch the replay

Replay transcript excerpt

WEBVTT 00:00:00.031 -- 00:00:05.757 warm welcome to everybody to our Q1 conference call from my end as well. 00:00:05.757 -- 00:00:10.862 As always, we begin by asking you to take notice of our safe harbor statement. 00:00:10.862 -- 00:00:16.448 And with me today is our CEO, Matthias Sarrath, and our CFO, Oliver Stratmann. 00:00:16.448 -- 00:00:20.492 Matthias will start with a short presentation, and then we will open the floor for your 00:00:20.492 -- 00:00:23.676 questions. With that, I'm happy to hand over to Matthias. 00:00:23.676 -- 00:00:25.298 Please go ahead. 00:00:25.298 -- 00:00:30.220 Thank you, André, and welcome to everybody on the Q1 conference call. 00:00:30.220 -- 00:00:35.346 Today I will start the presentation on page 4 and all in all I would 00:00:35.346 -- 00:00:37.249 like to say 00:00:37.249 -- 00:00:41.634 and state that Q1 has been a straightforward quarter. 00:00:41.634 -- 00:00:43.516 No surprises 00:00:43.516 -- 00:00:49.924 vis-à-vis our expectation that we have communicated to you guys in March. 00:00:49.924 -- 00:00:54.930 Only one comment on the segments. All segment 00:00:54.930 -- 00:01:00.442 divisions improved. but we had a quite sharp increase in consumer 00:01:00.442 -- 00:01:01.843 protection. 00:01:01.843 -- 00:01:06.006 This is largely driven by the fact that Q1 2024 00:01:06.550 -- 00:01:11.997 was simply a deplorable comparable base. That was the 00:01:11.997 -- 00:01:17.504 quarter where we had the severest impact on the destocking in agro, which continued 00:01:17.504 -- 00:01:23.832 in the following quarters in 2024, but more or less came to an end 00:01:23.832 -- 00:01:28.762 with Q4 2020. And now in Q1, 00:01:28.904 -- 00:01:34.289 we see that agro comes back to normal ordering, while the entire industry 00:01:34.289 --...