Germany's H&R KGaA H1 EBITDA more than doubles on higher feedstock prices

H&R GmbH & Co KgaA

29/07/2026 14:42

Overview
Germany specialty chemicals producer's preliminary H1 revenue rose yr/yr to EUR 700.4 mln
Preliminary H1 EBITDA more than doubled, driven by higher feedstock prices and refining segment
Company expects to exceed original full-year EBITDA guidance if current market conditions persist

Outlook
H&R KGaA expects to exceed the upper end of its original full-year EBITDA guidance
Company says future performance depends on war-driven feedstock prices and demand conditions
H&R KGaA will refine its outlook and provide further details in August half-year report

Result Drivers
FEEDSTOCK PRICES - Higher feedstock prices, resulting from the situation in the Persian Gulf, drove revenue growth
REFINING SEGMENT - ChemPharm Refining segment provided the largest and significantly improved earnings contribution
CASH FLOW PRESSURE - Operating cash flow declined due to sharply increased feedstock costs and higher net working capital requirements

Company press release: ID:nEQ3W0lfCa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Sales Revenue
 
EUR 700.40 mln
 
H1 EPS
 
EUR 1.12
 
H1 EBITDA
 
EUR 84.40 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the commodity chemicals peer group is "buy"
Wall Street's median 12-month price target for H&R GmbH & Co KgaA is €6.25, about 2.5% above its July 28 closing price of €6.10
The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 25 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.)