Brenntag confirms profit guidance, cut in July, as market challenges persist
Aug 13 (Reuters) - German chemicals distributor Brenntag BNRGn.DE on Wednesday confirmed the annual core profit guidance it had lowered in July, reflecting growing market uncertainty exacerbated by U.S. tariffs and weak dollar.
"Economic conditions for the chemical industry and our customer markets remain challenging across the globe," CEO Christian Kohlpaintner said in a statement.
"Over the past months, we have seen continued uncertainty, muted customer sentiment, a slowdown in demand and in addition unfavorable EUR/USD exchange results," he said.
The group expects operating earnings before interest, taxes and amortisation (EBITA) of 950 million to 1.05 billion euros ($1.11 billion to $1.23 billion) in 2025, down from 1.1 billion euros a year earlier.
Brenntag also confirmed the 13.9% drop in its second-quarter operating EBITA to 246.4 million euros, as reported in July.
($1 = 0.8559 euros)
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