Lanxess Shares Plunge 12% on Q3 Loss, Weak Outlook

The company's third-quarter net loss of 77 million euros compares to a 1 million euros net loss in the prior year, as EBITDA pre exceptionals fell 27.7 percent to 125 million euros from 173 million euros. Sales also declined 16.3 percent to 1.338 billion euros from 1.598 billion euros, primarily due to weak global demand, lower sales volumes, the sale of its Urethane Systems business unit, and adverse currency effects.

CEO Matthias Zachert stated that the ongoing weakness in global demand impacts the entire chemical industry, with particularly dramatic situations in the construction, automotive, and agrochemical target industries, and expects this challenging environment to continue well into 2026. Lanxess is implementing further cost reductions of approximately 100 million euros, with details to be specified in the first quarter of 2026, in addition to 50 million euros in annual savings announced in August 2025.