Lanxess Ag Ord (LNXSF) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thank you for joining our Lancet Q2 Results 2026 conference call. If you would like to ask a question, you will need to press star 9 and the pound key on your telephone and wait for your name to be announced. I will hand over to Eva Husman, Head of Investor Relations, for opening remarks. Thank you, Tim, and welcome everyone to today's call. Thank you for joining. Before we start, as always, please take note of our safe harbor statement. and with me today are, as always, Lancet CEO Matthias Zachert and CFO Oliver Stratmann. And with overview, we would be happy to take your questions. With that, I hand over to Matthias. Thank you, Eva, and welcome to all of you and thanks for joining our Q2 call on the performance that we have delivered. I turn your attention to page number... We will give an overview here notably on the sequential improvement that we have indicated to you in our May conference call. So you see that we on EBITDA are spot on, strong increase sequentially. This is also reflected in the cash flow. Normally the second quarter is still a softer quarter on cash flow generation, but we've clearly stated to you that This is the KPI we will focus on in order to improve as much as possible and I think second quarter gives proof to this. Driver for that was definitely networking capital. Normally in Q1, Q2 we increase networking capital, which then again is being reduced in Q3 and Q4. For second quarter, you clearly see that networking capital was managed tightly, especially on the inventory side. As far as net financial debt is concerned, we here show you that over the last few years, we consistently reduced, and that will definitely be a topic in the forthcoming quarters where we strive for further improvement on the net financial debt size. The following page...