Germany's Brenntag Q2 sales rise 11%, operating EBITDA up 41% on higher chemical pricing

Brenntag SE

12/08/2026 06:07

Overview
German chemicals distributor's Q2 sales rose 11% yr/yr, operating EBITDA up 41%
Net income climbed more than fourfold to €182 mln
Company raised full-year operating EBITDA guidance to €1.35-1.45 bln

Outlook
Brenntag raises 2026 operating EBITDA outlook to €1,350 mln–1,450 mln

Result Drivers
HIGHER CHEMICAL PRICING - Co said operating EBITDA benefited from higher chemical pricing while volumes remained stable
COST SAVINGS - €41 mln in cost-out savings contributed to Q2 results, per CFO Thomas Reisten
COMMERCIAL EXECUTION - Improved customer penetration, pricing discipline, and commercial execution supported Q2 performance, per CEO Jens Birgersson

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Sales
 
EUR 4.26 bln
 
Q2 EPS
 
EUR 1.23
 
Q2 Net Income
 
EUR 182 mln
 
Q2 Operating EBITDA
 
EUR 463 mln
 
Q2 Operating Gross Profit
 
EUR 1.15 bln
 

Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy", 14 "hold" and 3 "sell" or "strong sell"
The average consensus recommendation for the diversified chemicals peer group is "buy."
Wall Street's median 12-month price target for Brenntag SE is €57.00, about 8.8% below its August 11 closing price of €62.50
The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 17 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)