Brenntag : Weak finish with Q4 op. EBITDA 11% below cons, but mid-point for 2023 EBITA 1% above cons, € 750m (c. 7%) SBB and € 2.00 dividend are supportive
>Q4 operating EBITDA down 3% y-o-y adjusted for forex to € 352m, 11%/9% below the consensus/ODDO BHF (€ 394m/€ 386m) - Operating EBITDA was € 352m, below expectations, with a 3% adjusted forex decline fuelled by a weaker performance from the specialties and 'other' segments. Q4 operating EBITDA was 11% below the consensus of € 394m and declined sequentially compared to Q3 2022, when the group reported operating EBITDA of € 460m, primarily because the materials science...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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