Brenntag SE raises forecast for the financial year 2021
The Board of Management of Brenntag SE (ISIN: DE000A1DAHH0), the global market leader in chemicals and ingredients distribution, today decided to raise the forecast for operating EBITDA for the 2021 financial year previously published on March 10, 2021.
Based on the strong results in the first quarter of 2021 and the continuation of the postive earnings trend into the second quarter to date, as well as considering the prospects for the rest of the year, Brenntag now expects an operating EBITDA in the range of EUR 1,160 million to EUR 1,260 million for the financial year 2021 (previously: EUR 1,080 million to EUR 1,180 million).
The updated forecast takes into account organic growth, the expected efficiency gains from the implementation of the transformation program "Project Brenntag" and the contribution to earnings from acquisitions that have already been closed. It is based on the assumption that exchange rates will remain stable on today's level. Furthermore, the forecast does not envisage any special items.
Achieving the adjusted forecast is dependent on any further impact of the COVID-19 pandemic on both the macroeconomic environment and the Group not deviating significantly from the currently known extent.
The interim report of Brenntag SE for the second quarter of 2021 will be published on August 10, 2021.
Essen, June 17, 2021
This communication may contain certain forward-looking statements that are based on the current assumptions and forecasts of Brenntag SE's management. Various known and unknown risks, uncertainties and other factors may cause the actual results, the financial position, the development or the business performance of the company to differ materially from the estimates given here. These factors include the ones described by Brenntag in published reports. These reports are available at www.brenntag.com. The company does not assume any obligation to update such forward-looking statements and adapt them in line with future events or developments.
Thomas Altmann, Senior Vice President Corporate Investor Relations
Telephone: +49 201 6496 1202
17-Jun-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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