LANXESS Aktiengesellschaft reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was EUR 1,436 million compared to EUR 1,973 million a year ago. Net loss was EUR 753 million compared to EUR 21 million a year ago. Basic loss per share from continuing operations was EUR 6.68 compared to EUR 0.16 a year ago. Basic loss per share was EUR 8.72 compared to EUR 0.24 a year ago.

For the full year, the company reported sales was EUR 6,714 million compared to EUR 8,088 million a year ago. Net income was EUR 443 million compared to EUR 250 million a year ago. Loss per share from continuing operations was EUR 9.76 compared to EPS of EUR 2.13 a year ago. Basic earnings per share was EUR 5.13 compared to EUR 2.90 a year ago.