Earnings Call Summary | LyondellBasell Industries(LYB.US) Q1 2024 Earnings Conference
Earnings Call Summary | LyondellBasell Industries(LYB.US) Q1 2024 Earnings Conference
The following is a summary of the LyondellBasell Industries N.V. (LYB) Q1 2024 Earnings Call Transcript:
以下是LyondellBasell Industries N.V.（LYB）2024年第一季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
LyondellBasell reported Q1 earnings of $1.53 per share and EBITDA of $1.1 billion.
There was a decrease in cash from operating activities by approximately $100 million in Q1, with $6.5 billion of available liquidity on the balance sheet.
The company displayed resilient cash generation, returning $1.8 billion to shareholders over the last year via dividends and share repurchases.
Improved profitability quarter-over-quarter in five of its six segments resulted in the delivery of $1.1 billion EBITDA during Q1.
Sales volumes in North American polyethylene improved by more than 5% compared to Q4.
LyondellBasell公佈的第一季度每股收益爲1.53美元，息稅折舊攤銷前利潤爲11億美元。
第一季度來自經營活動的現金減少了約1億美元，資產負債表上的可用流動性爲65億美元。
該公司表現出彈性的現金創造，去年通過分紅和股票回購向股東返還了18億美元。
其六個細分市場中有五個板塊的盈利能力同比提高，使第一季度息稅折舊攤銷前利潤達到11億美元。
與第四季度相比，北美聚乙烯的銷量增長了5％以上。
Business Progress:
業務進展：
Made significant strides in building LyondellBasell's Circular and Low-Carbon Solutions (CLCS) business in Q1.
The CLCS business yielded significant sale volume growth leading to the doubling of 2022 sales and paving the path towards achieving the 2030 target.
The company is well on its course to reach its financial targets with an incremental EBITDA contribution of $500m by 2027 and $1 billion by 2030 from the CLCS business.
Continued progress in growing and upgrading its core businesses is evident, including the anticipated acquisition of the NATPET joint venture and divesture of ethylene oxide business to INEOS in Q2.
Investments have also been initiated for the construction of the company's first MoReTec advanced recycling assets in Germany, with further plans for a larger unit in Houston in 2025.
Progress is noted in the domain of mechanical recycling, with the company continuing to work on its expansion, particularly in Europe and the US.
In sync with their sustainable growth strategy, plans have been put in place for advanced recycling capacity expansions in their Cologne hub and Houston refinery sites.
第一季度在建立LyondellBasell的循環和低碳解決方案（CLCS）業務方面取得了長足的進步。
CLCS業務實現了顯著的銷售量增長，使2022年的銷售額翻了一番，爲實現2030年目標鋪平了道路。
該公司有望實現其財務目標，到2027年，息稅折舊攤銷前利潤將增加5億美元，到2030年，CLCS業務的息稅折舊攤銷前利潤將增加10億美元。
在發展和升級其核心業務方面持續取得的進展顯而易見，包括預計將在第二季度收購NATPET合資企業以及將環氧乙烷業務剝離給英力士。
還開始投資建造該公司在德國的首個MoreTec先進回收資產，並計劃於2025年在休斯敦建造一個更大的單位。
機械回收領域取得了顯著進展，該公司繼續努力擴張，特別是在歐洲和美國。
與其可持續增長戰略同步，已經制定了擴大其科隆中心和休斯敦煉油廠高級回收能力的計劃。
More details: LyondellBasell Industries IR
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譯文內容由第三人軟體翻譯。