Put companies on watchlist
Brenntag SE
ISIN: DE000A1DAHH0
WKN: A1DAHH
About
Company Snapshot
New: Enable Investor Alerts
Be informed about new publications
New: AI Factsheet

Corporate News meets AI! 
Content analysis and summary

EN GIF 300X250

Brenntag SE · ISIN: DE000A1DAHH0 · EQS - adhoc news (13 News)
Country: Germany · Primary market: Germany · EQS NID: 1209409
17 June 2021 09:00PM

Brenntag SE raises forecast for the financial year 2021


DGAP-Ad-hoc: Brenntag SE / Key word(s): Change in Forecast
Brenntag SE raises forecast for the financial year 2021

17-Jun-2021 / 21:00 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


Brenntag SE raises forecast for the financial year 2021

The Board of Management of Brenntag SE (ISIN: DE000A1DAHH0), the global market leader in chemicals and ingredients distribution, today decided to raise the forecast for operating EBITDA for the 2021 financial year previously published on March 10, 2021.

Based on the strong results in the first quarter of 2021 and the continuation of the postive earnings trend into the second quarter to date, as well as considering the prospects for the rest of the year, Brenntag now expects an operating EBITDA in the range of EUR 1,160 million to EUR 1,260 million for the financial year 2021 (previously: EUR 1,080 million to EUR 1,180 million).

The updated forecast takes into account organic growth, the expected efficiency gains from the implementation of the transformation program "Project Brenntag" and the contribution to earnings from acquisitions that have already been closed. It is based on the assumption that exchange rates will remain stable on today's level. Furthermore, the forecast does not envisage any special items.

Achieving the adjusted forecast is dependent on any further impact of the COVID-19 pandemic on both the macroeconomic environment and the Group not deviating significantly from the currently known extent.

The interim report of Brenntag SE for the second quarter of 2021 will be published on August 10, 2021.

Essen, June 17, 2021
 

Forward-looking statements
This communication may contain certain forward-looking statements that are based on the current assumptions and forecasts of Brenntag SE's management. Various known and unknown risks, uncertainties and other factors may cause the actual results, the financial position, the development or the business performance of the company to differ materially from the estimates given here. These factors include the ones described by Brenntag in published reports. These reports are available at www.brenntag.com. The company does not assume any obligation to update such forward-looking statements and adapt them in line with future events or developments.

Contact:
Brenntag SE
Thomas Altmann, Senior Vice President Corporate Investor Relations
Telephone: +49 201 6496 1202
Email: thomas.altmann@brenntag.de


17-Jun-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


Language: English
Company: Brenntag SE
Messeallee 11
45131 Essen
Germany
Phone: +49 (0) 201 6496 0
Fax: +49 (0) 201 6496 1010
E-mail: ir@brenntag.de
Internet: www.brenntag.com
ISIN: DE000A1DAHH0
WKN: A1DAHH
Indices: MDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1209409

 
End of Announcement DGAP News Service

1209409  17-Jun-2021 CET/CEST

fncls.ssp?fn=show_t_gif&application_id=1209409&application_name=news&site_id=boersengefluester_html
Visual performance / price development - Brenntag SE
Smart analysis and research tools can be found here.

This publication was provided by our content partner EQS3.

EQS Newswire
via EQS - Newsfeed
EQS Group AG ©2024
(DGAP)
Contact:
Karlstraße 47 D-80333 München
+49 (0) 89 444 430-000

 

SMART * AD
EN GIF 970X250

P R O D U C T   S U G G E S T I O N S

The information presented here has been provided by our content partner EQS-Group. The originator of the news is the respective issuer, the company relating to the news, a publication service provider (press or information agency) which uses the distribution service of EQS to transmit company news to shareholders, investors, investors or interested parties. The original publications and other company-relevant information can be found at eqs-news.com.


The information you can access does not constitute investment advice. The presentation of our cooperation partners, where the implementation of investment decisions would be possible depending on the individual risk profile, is solely at the discretion of the person using the service. We only present companies of which we are convinced that the range of services and customer service will satisfy discerning investors.

If you are considering leverage products, familiarise yourself with the typical characteristics of the financial instruments beforehand. Take the time to determine the risk content of the planned investment before making an investment decision. Bear in mind that a total loss cannot be ruled out with leverage products.

For newcomers to the subject, we offer various options in both the training and the tools section, through which you can train theoretical knowledge and practical experience and thus improve your skills. The offer ranges from participation in webinars to personal mentoring. The range is continuously being expanded.


1 Lab features are usually functionalities that emerge from the think tank of the investor community. In the early stages, these are experimental functionalities whose development process is largely determined by use and the resulting feedback from the community. When integrating external services or functionalities, the functionality can only be guaranteed to the extent that the individual process elements, such as interfaces, interact with each other.