(Corrects to say outlook was confirmed, not raised, and clarifies the outlook cut happened earlier) (Reuters) -German chemicals distributor Brenntag on Wednesday confirmed the annual core profit
Brenntag Maintains Profit Forecast Amid Ongoing Market Challenges
Brenntag's Financial Outlook
(Reuters) -German chemicals distributor Brenntag 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.
Market Challenges and Economic Conditions
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.
Second-Quarter Performance
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)
(Reporting by Ozan Ergenay in Gdansk, editing by Milla Nissi-Prussak)
