Brenntag : Preview 1Q21 results due 11 May
>We forecast operating EBITDA of € 297m, 3% above consensus - Brenntag will report its 1Q21 results on 11 May at 07.00 CET followed by a conference call at 14.00. We forecast operating EBITDA of € 297m, up 13% yoy and 3% above consensus (Vara).We expect organic EBITDA growth of 18% - We expect 1Q21 sales of € 3,098m, down 3% yoy (organic 2%, FX -6%, and M&A 1%) and 4% below consensus. We forecast operating gross profit of € 744m, flat yoy (organic 5%,...Brenntag is a chemical distributor. Co. provides its customers and suppliers a range of services and global supply chain management as well as a chemical distribution network in Europe, North and Latin America as well as in the Asia Pacific region. Co. manages its business through its regionally structured segments in Europe, North America, Latin America and Asia Pacific. Co. provides a range of products as well as services such as just-in-time delivery, product mixing, blending, repackaging, inventory management, drum return handling as well as technical and laboratory services for specialty chemicals.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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