Brenntag lifts full-year operating profit outlook on strong demand, improved margins
Brenntag lifts full-year operating profit outlook on strong demand, improved margins June 22 (Reuters) - German chemicals distributor Brenntag BNRGn.DE on Monday lifted its annual operating profit outlook, citing robust current demand and improved margins, particularly amid market disruptions stemming from the crisis in the Middle East.
Brenntag now anticipates its yearly operating profit (EBITDA) to come in the range of €1.25 billion to €1.40 billion ($1.60 billion), up from its previous forecast range of €1.15 billion to €1.35 billion.
($1 = 0.8750 euros)
(Reporting by Anna Peverieri in Barcelona;
Editing by Tomasz Janowski)
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