Brenntag : Preview Q3 – Q2 trends continuing, heading to low-end of FY guidance range; consensus already there
>Expect Q2 trends to have continued in Q3, i.e. Essentials holding up better than Specialties against Q3 2022 - We expect upcoming Q3 results due 9 November to largely confirm trends seen in Q2 2023 when 15% y-o-y drop in Essentials to € 226m outpaced 35% y-o-y drop in Specialties op. EBITA to € 145m resulting in an overall group op. EBITA decline by 28% y-o-y to € 332m. We expect continuing slight sequential volume recovery trends already seen in Q2 to have continue...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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