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Ireland Brenntag share falls into the minus: Brenntag again lifts the forecast for 2021 at

13:50  15 september  2021
13:50  15 september  2021 Source:   finanzen.net

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of the chemical trader Brenntag has raised the outlook for 2021 again in the face of continued strong business development.

KAZUHIRO NOGI/AFP/GettyImages © Provided by finanzen.net Kazuhiro NOGI / AFP / GettyImages

The operative EBITDA is now between 1.26 billion to 1.32 billion euros, the Brenntag SE shared. So far, the company had expected a value of between 1.16 billion to 1.26 billion euros.

The updated forecast takes into account organic growth, the expected efficiency enhancements from the implementation of the "Project Brenntag" transformation program and the earnings contribution of acquisitions already completed. Brenntag assumes that the currently exceptional market environment will last at least until the end of the year. The basis is also that in the course of the year, there is not significant changes in macroeconomic conditions through the Covid-19 pandemic.

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The interim report on the third quarter wants to publish Brenntag on 4 November.

So the Brenntag share

responds shortly before the DAX climb were initially asked the shares of Brenntag on Wednesday at the investors. In Xetra trading, the Brenntag share was temporarily increased up to 87.10 euros after the chemical dealer had again increased its forecast on the eve after stock market. Currently, however, the wind has turned again, so that the Brenntag paper has now booked a minus from 0.77 percent to 85.60 euros.

first dealer votes reacted pleased, but did not see a big surprise. Christian Fruit from the Baader Bank , for example, does not expect any significant adjustments to the consensus estimates due to the news. Rising profits and the DAX rise are already incorporated in expectations and evaluation. From Monday, Brenntag becomes part of the extended German guide index. Frankfurt (Dow Jones) / Frankfurt (DPA-AFX)

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