UK Markets closed

Brenntag AG (BNR.DE)

XETRA - XETRA Delayed price. Currency in EUR
Add to watchlist
66.90-0.68 (-1.01%)
At close: 5:35PM CET
Full screen
Previous close67.58
Open67.32
Bid0.00 x 11900
Ask0.00 x 60200
Day's range66.58 - 67.58
52-week range28.68 - 68.88
Volume276,937
Avg. volume343,632
Market cap10.336B
Beta (5Y monthly)1.17
PE ratio (TTM)22.23
EPS (TTM)N/A
Earnings dateN/A
Forward dividend & yield1.25 (1.87%)
Ex-dividend date11 Jun 2020
1y target estN/A
All
News
Press releases
  • EQS Group

    Brenntag AG: Transformation program 'Project Brenntag' to deliver additional operating EBITDA contribution of EUR 220 million in total from the beginning of 2023

    Brenntag AG / Key word(s): Strategic Company Decision/Strategic Company DecisionBrenntag AG: Transformation program 'Project Brenntag' to deliver additional operating EBITDA contribution of EUR 220 million in total from the beginning of 202326-Oct-2020 / 18:05 CET/CESTDisclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.Transformation program "Project Brenntag" to deliver additional operating EBITDA contribution of EUR 220 million in total from the beginning of 2023The Board of Management and the Supervisory Board of Brenntag AG (ISIN: DE000A1DAHH0) have today decided on the financial framework and further measures of its transformation program "Project Brenntag". The program aims to further expand Brenntag's leading market position and drive sustainable organic earnings growth.Brenntag leads the chemicals distribution market and offers a full-line portfolio of chemicals and ingredients on a global level. Project Brenntag includes changes to the operating model, a differentiated go-to-market approach, an optimization of the global site network, an adjustment of the global workforce and changes in the Board of Management and the leadership structure of the group.Brenntag already announced its future operating model together with changes in the Board of Management of Brenntag AG. The new operating model will be effective from 1 January 2021 and consists of two global divisions with a differentiated business steering and a distinct market approach: Brenntag Essentials and Brenntag Specialties.Today, the Board of Management and the Supervisory Board of Brenntag AG decided on the following additional measures of Project Brenntag:In order to increase efficiency, the site network will be optimized and about 100 sites are intended to be closed globally.The company expects the implementation of all the various measures of Project Brenntag to lead to a global reduction of approximately 1,300 jobs out of the total workforce of around 17,500 employees. It is intended to phase in these reductions over the next two years in a socially responsible manner.The Group anticipates Project Brenntag to deliver a sustainable annual contribution of additional operating EBITDA of about EUR 220 million. The contribution will increase year by year and the full annual potential will be reached already by the beginning of 2023. The overall net cash outflow to incur for the implementation of Project Brenntag is expected to total around EUR 370 million.Project Brenntag is a multi-year transformation program to position the company for sustainable organic earnings growth.Forward-looking statementsThis communication contains forward-looking statements. A forward-looking statement is any statement that does not refer to historical facts and events, but instead reflects Brenntag's current estimates, forecasts and assumptions regarding the future. This applies in particular to statements in this communication about EBITDA growth, cost reductions, etc.Although the forward-looking statements in this communication are based on assumptions which Brenntag's management considers to be reasonable, they necessarily involve known and unknown risks and uncertainties that may cause actual results and future events to differ materially from the results and future events assumed in the statements.Forward-looking statements are no guarantee of future performance, and readers should not attach undue importance to them. Unless required by securities law, Brenntag does not assume any obligation to update forward-looking statements when circumstances or management's estimates change.For further information on factors that may cause actual results and future events to differ from those assumed in forward-looking statements, please refer to the reports published by Brenntag AG, including the section of the 2019 annual report entitled "Report on Expected Developments, Opportunities and Risks".Contact:Brenntag AGDiana Alester, Senior Manager Investor Relations, Corporate Finance & Investor RelationsPhone: +49 201 6496 1141Fax: +49 201 6496 2003eMail: ir@brenntag.dewww.brenntag.com26-Oct-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de Language: English Company: Brenntag AG Messeallee 11 45131 Essen Germany Phone: +49 (0) 201 6496 0 Fax: +49 (0) 201 6496 1010 E-mail: ir@brenntag.de Internet: www.brenntag.com ISIN: DE000A1DAHH0 WKN: A1DAHH Indices: MDAX Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange EQS News ID: 1143137   End of Announcement DGAP News Service

  • EQS Group

    Brenntag AG: Brenntag publishes new forecast for financial year 2020

    Brenntag AG / Key word(s): Forecast Brenntag AG: Brenntag publishes new forecast for financial year 2020 15-Sep-2020 / 19:19 CET/CEST Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. * * *Essen, 15 September 2020 Brenntag AG: Brenntag publishes new forecast for financial year 2020The Board of Management of Brenntag AG (ISIN: DE000A1DAHH0) has dealt with the outlook for the current financial year at its meeting today and is now publishing a new forecast for financial year 2020. The original forecast published in the 2019 annual report was suspended in April of this year due to the considerable uncertainty associated with the COVID-19 pandemic.Despite the impact of the COVID-19 pandemic on general economic performance, the Group achieved sound earnings growth in the first half of 2020. Brenntag has thus once again demonstrated the resilience of its business model.Current business performance is in line with the Board of Management's expectations. With operating EBITDA in July and August 2020 slightly above the prior-year figure on a constant currency basis, the Group now expects operating EBITDA for financial year 2020 to be between EUR 1,000 million and EUR 1,040 million (financial year 2019: EUR 1,001.5 million).The new forecast assumes that there will be no further significant government measures to contain the pandemic and related negative effects on the economy. Furthermore, this forecast does not envisage any special items or significant changes in current exchange rates in the further course of the year. It includes the contributions to earnings from acquisitions.The measures already taken by Brenntag to protect employees, business processes and business partners continue to be implemented.The full interim report for the third quarter of 2020 will be published on November 4, 2020 as scheduled. Forward-looking statements This communication may contain certain forward-looking statements that are based on the current assumptions and forecasts of Brenntag AG'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.Contact: Brenntag AG Diana Alester, Senior Manager Investor Relations Telephone: +49 201 6496 1141 E-mail: diana.alester@brenntag.de* * *15-Sep-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de * * * Language: English Company: Brenntag AG Messeallee 11 45131 Essen Germany Phone: +49 (0) 201 6496 0 Fax: +49 (0) 201 6496 1010 E-mail: ir@brenntag.de Internet: www.brenntag.com ISIN: DE000A1DAHH0 WKN: A1DAHH Indices: MDAX Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange EQS News ID: 1132121 End of Announcement DGAP News Service

  • EQS Group

    Brenntag AG: Preliminary results for Q2 2020 well above market expectations

    Brenntag AG / Key word(s): Preliminary Results/Quarter Results Brenntag AG: Preliminary results for Q2 2020 well above market expectations 23-Jul-2020 / 18:58 CET/CEST Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. * * *Brenntag AG: Preliminary results for Q2 2020 well above market expectationsBrenntag AG (ISIN: DE000A1DAHH0) is today announcing preliminary results for the second quarter of 2020.Brenntag AG's preliminary group financial key figures for sales, operating gross profit, operating EBITDA and earnings per share for the second quarter of 2020 are mostly well above capital market expectations, calculated as the average of the most recent analyst estimates, which were published by Infront today.Preliminary sales for the second quarter of 2020 are around EUR 2,817 million. On a constant currency basis, this represents a decline of 12.9% year on year.Preliminary operating gross profit for the second quarter of 2020 is around EUR 716 million. On a constant currency basis, this is roughly in line with the prior-year figure. This performance in the second quarter of 2020 is due mainly to a strong performance at the level of operating gross profit per unit.Preliminary operating EBITDA for the second quarter of 2020 is around EUR 276 million. On a constant currency basis, this represents a rise of 4.0% year on year.Preliminary earnings per share amount to EUR 0.80 and are therefore 1.2% below last year's figure.Despite the significant impacts of the global COVID-19 pandemic, in the first six months of 2020 the company managed to keep the business almost fully operational. Moreover, the sound earnings performance in the first half of 2020 is attributable to the resilience of Brenntag's business model. The further course of the financial year remains uncertain due to the continuing expected effects of the COVID-19 pandemic.The full interim report for the first half of 2020 will be published on August 6, 2020.Forward-looking statements This communication may contain certain forward-looking statements that are based on the current assumptions and forecasts of Brenntag AG'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.Contact: Diana Alester, Investor Relations Manager Telephone: +49 201 6496 1141 E-mail: diana.alester@brenntag.de* * *23-Jul-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de * * * Language: English Company: Brenntag AG Messeallee 11 45131 Essen Germany Phone: +49 (0) 201 6496 0 Fax: +49 (0) 201 6496 1010 E-mail: ir@brenntag.de Internet: www.brenntag.com ISIN: DE000A1DAHH0 WKN: A1DAHH Indices: MDAX Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange EQS News ID: 1100799 End of Announcement DGAP News Service