Lanxess Ag Ord (LNXSF) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thank you for joining our Lanx's full year IR conference call. The conference will be recorded. I will hand over to Eva Hussmann, Head of Investor Division, for opening remarks. Thank you, Mandy, and welcome everybody to the call from our end as well. As always, I have our CEO, Matthias Sachat, and our CFO, Oliver Schradmann, with me. please take notice of our safe harbor statement. We will follow our usual procedure. Matthias will start with the short presentation, and afterwards we will open the floor for your questions. Matthias, please go ahead. Thank you, Eva, and welcome all of you to our full year results Q4 conference call, and we will start directly on page number four on the document that has been distributed or dispatched on our internet. So here you see Q4 EBBA. Q4 was down as expected compared to Q4 2024. The previous year was, of course, also influenced by pre-buying, as we've indicated, and 2025, due to tariff escalation throughout the year, led to lower volumes. Noteworthy also, the negative FX I referenced to the dollar. and the portfolio effect as we have sold our Eurothanes business effective 1st of April. EBITDA for full year at 510, so we landed according to guidance, and I take pride on making reference to net financial debt, which another year in sequence, we lowered and have now come down to roundabouts 2 billion net debts. An area that should be looked at as well is networking capital. We've managed that nicely. Oliver keeps his hands tightly on that, and we will continue doing this going forward. Page number five, as we've communicated recently, Advent has declared not to be able to finance the acquisition of the Lanxess stake in Invalior. And for that very reason, the mechanism that we have highlighted September 25 is now going to be follow...