Brenntag : Q3 op. EBITA 4% below css; strong OpFCF accumulates to 93% of our FY after 9M; EBITA outlook reduced to 'around € 1.3bn', in line with consensus
>Q3 op. EBITA down 15% y-o-y adjusted for FX to € 303m, 4%/2% below cons/ODDO BHF (€ 314m/€ 309m) - Op. EBITA of € 303m came in slightly below expectations, reporting a 15% FX adj. decline fuelled by weaker Specialties and Essentials. Q3 op. EBITA is 4% below the consensus of € 314m and down 9% q-o-q sequentially compared to Q2 23, which reported € 332m op. EBITA and fuelled by weaker Specialties (-7% q-o-q) and by Essentials (op. EBITA down 12% q-o-q). Brenntag confi...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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