CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and can afford the risks. Trading CFDs is high risk and is not suitable for everyone. Refer to our PDS and Target Market Determination. AFSL 513393
Open platformOpen platform

Lanxess heads for best day ever as Q3 cash flow improves

By Reuters News

** Shares in Lanxess LXSG.DE jump around 19%, heading for their best day ever, after the German speciality chemicals maker posted a sharp improvement in quarterly free cash flow

** Q3 free cash flow improved to €48 million ($54 million), from a negative €14 million a year earlier; co expects a positive figure in Q4 also

** Statements on free cash flow may help "shattered" shares despite FY guidance adjustment, a local trader says

** "That's certainly where investors are focusing on," Michael Schaefer from ODDO BHF says, referring to FCF

** The stock is at the top of Germany's mid-cap index .MDAXI



($1 = 0.8880 euros)

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.

The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.

To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.

Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.