Report
Fabian Semon ...
  • Michael B. Schäfer

Brenntag : CMD feedback: raised growth/profitability targets until 2026 incl. another efficiency programme; strong balance sheet leaves multiple options incl SBB

>Brenntag potentially benefiting from Europe turning net importer - Chemicals distribution market growth of 4.0% p.a. in 2015-2019 outpaced 2.6% global chemicals manufacturing market growth, according to data presented by Brenntag. This picture may not change with 3-6% annual distribution market growth expected (2021-2626) compared to the 14x bigger chemicals manufacturing market growth of 2-4%. Specialties market growth of 4-6% p.a. may outpace the industrials (Essen...
Underlying
Brenntag SE

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Fabian Semon

Michael B. Schäfer

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