Brenntag rises in early Frankfurt trade after guidance hike
BUZZ-Brenntag rises in early Frankfurt trade after guidance hike ** Shares of Brenntag BNRGn.DE are up 3.5% in the early Frankfurt trade after the Germany-based chemical company raised on Monday after market close its guidance for 2026
** After a better-than-expected Q226 performance, Brenntag now guides for FY EBITDA of €1,250-1,400 million
** It sees operating EBITDA of €450 mln for Q2, above market expectations
** Warburg Research notes that since the supportive demand and pricing backdrop is fuelled by geopolitics rather than underlying market strength, the driver might be temporary
** Out of 20 analysts that cover Brenntag, three rate the stock "strong buy" or "buy," 13 "hold" and four rate it "strong sell" or "sell" - LSEG data
(Reporting by Orest Dovhan )
Recent news on Brenntag SE
See all newsBrief: Brenntag Enters Distribution Agreement With Almatis In Latin America
Brief: Brenntag And Cassava Pharma Sign Exclusive Distribution Agreement
German chemical industry mood rises for second straight month in September, Ifo says
Deutsche Bank AG FF - Post Stabilisation Notice- Brenntag Finance EUR 7y
Brief: Brenntag Global Partnership With DSM-Firmenich For Byphar Powered By Biond™