Lanxess seen down after deeper-than expected FY profit outlook cut on weak demand

** Shares in Lanxess LXSG.DE fall around 2% in early Frankfurt trade after the German speciality chemicals maker cut its FY profit guidance, due to persisted weak demand

** Lanxess now expects FY EBITDA pre exceptionals of 528 million to 580 million euros ($617.71-$678.54 million), having previously a forecast range of 600 million to 650 million euros

** The German company's CEO Matthias Zachert said in a statement that ongoing tariff discussions with the U.S. increase market uncertainty and deteriorate the situation for the European chemical industry considerably

** "Warning was expected but not in that deep...," a local trader says

** The stock, which has gained 3% YTD, is seen among the worst performers of Germany's mid-cap index .MDAXI

($1 = 0.8548 euros)