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Here's Why Celanese Stock Slumped This Week
Shares in chemicals and specialty materials company Celanese (NYSE: CE) slumped by 22.7% in the week to Friday morning. The move follows a disappointing set of fourth-quarter earnings released on Tuesday. In addition, investors were left unimpressed by management's guidance for 2025.Chemical companies are often highly cyclical. Weak demand conditions can lead to volume deterioration and a pricing slump, rapidly reducing earnings.That's pretty much what happened with Celanese in the fourth quarter. A 7% volume decline, a 2% pricing decline, and a 1% reduction from currency movements led to a 10% decline in sales. The ensuing margin reduction led to a year-over-year decline in adjusted earnings before interest and taxation (EBIT) from $434 million in the fourth quarter of 2023 to $333 million in the fourth quarter of 2024.Continue reading
Shares in chemicals and specialty materials company Celanese (NYSE: CE) slumped by 22.7% in the week to Friday morning. The move follows a disappointing set of fourth-quarter earnings released on Tuesday. In addition, investors were left unimpressed by management's guidance for 2025.
Chemical companies are often highly cyclical. Weak demand conditions can lead to volume deterioration and a pricing slump, rapidly reducing earnings.
That's pretty much what happened with Celanese in the fourth quarter. A 7% volume decline, a 2% pricing decline, and a 1% reduction from currency movements led to a 10% decline in sales. The ensuing margin reduction led to a year-over-year decline in adjusted earnings before interest and taxation (EBIT) from $434 million in the fourth quarter of 2023 to $333 million in the fourth quarter of 2024.
