Lanxess Ag Ord (LNXSF) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good day and thank you for standing by. Welcome to the Lanxess Q3 2025 results. At this time all participants are in a listen only mode. After the speaker's presentation there will be a question and answer session. To ask a question during the session you'll need to press star 1 and 1 on your telephone and you will then hear an automated message advising your hand is raised. To withdraw your question please press star 1 and 1 again. And please be advised, today's conference is being recorded. I'd now like to hand the conference over to your first speaker today, Eva Husman, Head of Investor Relations. Please go ahead. Thank you very much. And also from our end, welcome to our Q3 earnings call. As always, we have our CEO, Matthias Sachert, and our CFO, Matthias Strattmann, here today. Please take notice of our safe harbor statement, and Matthias will start with a short presentation, and then we will open the floor for your questions. With that, I'm happy to hand over to Matthias. Please go ahead, sir. Thank you, Eva, and welcome, everybody, to Q3 25, Lenx's conference call. I start the presentation on page number five, where we give the key updates on financials, EBITDA being the first to be addressed. We have a decline 225 million euros compared to last year. Partly driven by portfolio effect, we've divested the Eurofins business beginning of the year, but predominantly due to volume decline in the third quarter, stemming from low demand and end industries, competitive pressure from Asia, and also due to respective uncertainties also in the United States from tariff situation, volumes declined by 6.5%, leading to utilization, which is now around 67 percentage points, clearly too low to achieve good underlying profitability. As far as net debt is concerned, we managed ...