Added to YB: 2026-06-25
Pitch date: 2026-06-23
BNR.DE [neutral]
Brenntag SE
Author Info
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Company Info
Brenntag SE distributes chemicals and ingredients in Germany, the United States, the United Kingdom, China, Canada, Italy, Poland, France, and internationally.
Market Cap
EUR 7.7B
Pitch Price
N/A
Price Target
N/A
Dividend
3.55%
EV/EBITDA
9.55
P/E
33.93
EV/Sales
0.71
Sector
Trading Companies and Distributors
Category
turnaround
Brenntag (BNR Germany): Earnings power emerges when markets become volatile
BNR.DE (update): Q2 prelim op EBITDA ~€450m, ~50% above Q1 & beat est, driven by Essentials petrochem leverage amid supply disruption. FY guide raised +6% to €1,250-1,400m, still conservative on H2. €150m cost-save run-rate by 2026 adds independent lever. Valued as pressured cyclical despite sharp earnings rebound potential if demand stabilizes.
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