Brenntag SE Adjusts Financial Guidance for 2024

Brenntag SE has revised its guidance for the financial year 2024. Initially, the company expected operating EBITA to be at the lower end of the range between EUR 1.23 billion and EUR 1.43 billion. Now, Brenntag SE anticipates operating EBITA to fall between EUR 1.10 billion and EUR 1.20 billion.

The adjustment is based on observations of market trends and chemical industry expectations, particularly noted in July. The company no longer expects a positive Gross Profit per unit development in the second half of 2024 and foresees a more stable performance at the group level.

The company reported an operating EBITA of EUR 297 million for the second quarter of 2024, compared to EUR 332 million in the previous year. Combining this with the EUR 260 million achieved in the first quarter, the half-year result stands at approximately EUR 557 million, down from EUR 677 million in the previous year.

Brenntag SE's half-year financial report for the first half of 2024 is scheduled for release on August 13, 2024.