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About
History
Competitors
About
History
Competitors
Lanxess AG was founded in 2004. It was the result of a spin-off from various units within the pharmaceutical and biotech company Bayer AG. Today, from its base in Cologne, Germany, Lanxess specialises in the production of specialist chemicals.
Among its major interests are additives used in lubricants and fire retardant solutions. The increased focus on these chemicals was prompted by the acquisition of Chemtura and the subsequent joint venture with Aramco in 2016. Additional takeovers of Itibanyl Produtos Especiais Ltda (2020) and International Flavors & Fragrances (2022) have given Lanxess a diverse portfolio of products. Lanxess stock is traded on the Frankfurt Stock Exchange and, in 2021, its sales revenue was €7.5 billion. Of that figure, €219 million was net income.
Lanxess shares have been publicly available since 2005. The company is listed on the Frankfurt Stock Exchange under the ticker DE: LXS. As such, all Lanxess share prices are quoted in Euros. The Lanxess share price history shows that, since 2005, there has been a steady increase in value. Lanxess stock was trading at €17 in 2005.
At the end of 2022, the Lanxess share price was over 36. That represents a 111% increase over 17 years. The highest Lanxess share price recorded between 2005 and 2022 was 74.780. This occurred on January 1, 2018. From a daily opening price of €66.320, Lanxess stock peaked at €74.780 before closing at €70.220.
Why trade Lanxess stock when there are other options? Lanxess is one of the largest speciality chemical companies in the world. Not only are its roots grounded in Bayer AG, a multi-billion-dollar pharmaceutical company, but it’s also completed several high-profile acquisitions. This makes Lanxess an active entity both from a business perspective and as a trading option.
However, there are other companies within the speciality chemical and biotech space that may be worth reviewing. Arkema and BASF are often cited as competitors to Lanxess. You can trade shares in these companies at Skilling. Our contracts for difference (CFD) products allow you to take long or short positions on over 700 companies, including Lanxess stock.
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* The spreads provided are a reflection of the time-weighted average. Though Skilling attempts to provide competitive spreads during all trading hours, clients should note that these may vary and are susceptible to underlying market conditions. The above is provided for indicative purposes only. Clients are advised to check important news announcements on our Economic Calendar, which may result in the widening of spreads, amongst other instances.
The above spreads are applicable under normal trading conditions. Skilling has the right to amend the above spreads according to market conditions as per the 'Terms and Conditions'.
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