Report
Fabian Semon ...
  • Michael B. Schäfer

Brenntag : CMD headlines: Raising mid-term EBITA growth ambition by 1pp at midpoint, more upbeat on Essentials; 'more autonomous segments' remains core

>Raised medium-term growth ambitions out to 2027, more upbeat on Essentials - Brenntag will host its CMD in London today. Management raised its growth ambitions out to 2027 (CAGR 2023-2027) to 7-9% organic EBITA growth p.a. (was 6-8% CAGR 2021-2026). We project 6.4% p.a. including (!) M&A effects to € 1,473m out to 2026, i.e. we are more cautious on an organic basis. The Vara consensus for 2025 looks for €1,414m, in line with our forecast of € 1,409m. Operating E...
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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