|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||38.35 - 38.35|
|52 Week Range||36.20 - 76.93|
|Beta (5Y Monthly)||1.81|
|PE Ratio (TTM)||13.19|
|Forward Dividend & Yield||1.15 (3.18%)|
|Ex-Dividend Date||May 26, 2022|
|1y Target Est||N/A|
(Reuters) -German speciality chemicals maker Lanxess on Thursday said a potential embargo on Russian gas would weigh on its production and core profit this year, after releasing upbeat guidance for the current quarter. The Cologne-based group said a complete freeze on Russian gas imports would have an estimated direct negative effect of 80 million to 120 million euros ($85-$127 million) per year on its adjusted core profit (EBITDA), though the indirect effects were unquantifiable. Lanxess, which makes high-end speciality chemicals such as additives, lubricants, flame retardants and plastics, expects a second-quarter core profit of 280 million to 350 million euros, compared with 277 million last year, as it intends to keep passing on higher raw material and energy costs in all segments.
Lanxess reported adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) of 1.01 billion euros ($1.11 billion) for the full year, in line with its own forecast and a company-provided poll. Zachert added he expected energy and raw material prices to continue to rise in the first half of 2022 and global supply chains to remain fragile. Lanxess, which makes a fifth of its sales from the auto industry, has so far managed to compensate the sharp rise in raw material prices by adjusting selling prices amid global materials shortages.
Standard Lithium (NYSEMKT: SLI) continued its rocky ride, crashing on Monday after a choppy last week. As of 2:30 p.m. ET Nov. 22, Standard Lithium stock was trading down 10% as the spat between the company and a short-seller got even uglier. On Nov. 18, Blue Orca announced it was short Standard Lithium stock and went on to release a short-seller report containing some nerve-wracking points against the company.