Brenntag : Not as bad as feared. Q2 op. EBITA 3% above cons; H2 recovery less marked than expected, lowered op. EBITA outlook to € 1.1-1.2bn in line
>Op. EBITA better than expected in Q2, down 10% y-o-y adj. for FX to € 297m, 3% above the consensus of € 290m on higher q-o-q volumes and flat GP/ton - Op. EBITA sequentially benefited from a mix of volume recovery and stable GP/unit in Q2 2024 vs Q1 2024. Op. EBITA was up 14% q-o-q compared to Q1 2024, which reported € 260m op. EBITA, but declined 10% y-o-y adj. for FX to € 297m from € 332m, 3% above the consensus expectations of € 290m. Reshuffled Specialties segmen...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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