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Lanxess's Stuttering Start to 2026 is Cause for Concern -- Market Talk

Dow Jones03-19 17:25

0925 GMT - A weak start to the year is likely a concern for Lanxess shareholders, analysts at JPMorgan write in a note to clients. The German chemicals supplier said in Thursday's earnings update that it doesn't expect any positive momentum until the latter half of the year as it pins its hopes on German fiscal stimulus to help it turn around last year's slide in sales and profit. But the group's adjusted Ebitda guidance for 2026 suggests an on-year improvement only at the top end of the range. "This implies that a significant step-up in earnings may be needed over the rest of the year to deliver even the low end of the guidance range," JPM notes. The bank has an underweight rating and a 15-euro target on the stock; shares lose around 6.9% to 12.44 euros. (joshua.kirby@wsj.com; @joshualeokirby)

 

(END) Dow Jones Newswires

March 19, 2026 05:25 ET (09:25 GMT)

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