Brenntag falls after Q1 profit miss amid global economic uncertainty

Brenntag SE

14/05/2025 07:32

** Shares in Brenntag BNRGn.DE fall 3.5% in early Frankfurt trade after the German chemicals distributor posted Q1 operating EBITA below expectations and specified FY profit target, due to a challenging business environment

** Brenntag's Q1 operating EBITA came in at 264.3 million euros ($295.67 million), compared to analysts' expectations of 275.9 million euros in a poll by Vara Research

** "We note that Q1 consensus had come down materially over the past month and so a miss on this lowered bar will likely be taken negatively today," J.P.Morgan said, expecting the stock to underperform today

** The German company expects FY operating EBITA to be at the lower end of its guidance range of 1.1 billion to 1.3 billion euros

** The stock, which has gained 7.7% YTD, is seen at the bottom of Germany's blue-chip index .GDAXI

($1 = 0.8939 euros)

 (Reporting by Ozan Ergenay and Marta Frackowiak)

 ((ozan.ergenay@thomsonreuters.com))