Brenntag : Q1 op. EBITA 7% below cons. on GP/unit pressure > better volumes, set to last in H1; low-end of € 1,230-1,430m op. EBITA range now est., -4% vs cons.
>Op. EBITA weaker than expected in Q1, down 24% y-o-y adj. for forex to € 260m against high comps, 7% below cons. at € 279m - Op. EBITA faced high a comparison base in Q1, down to € 260m from € 345m, 7% below consensus expectations of € 279m, reporting a 24% forex adj. decline fuelled by both segments, specialties (-23%) and essentials (-23% forex adj. y-o-y). Op EBITA was down 9% q-o-q compared to Q4 2023, which reported € 285m op. EBITA. Reshuffled specialties segme...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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