Overview

• Second-quarter profit attributable to shareholders plunged 71% year-on-year to €42.9 million.
• Revenues fell about 4% to €3.9 billion, matching the preliminary mid-July figures.
• Brenntag trimmed its full-year profit forecast when it released its preliminary Q2 data in mid-July.
• Outgoing CEO Christian Kohlpaintner attributed the earnings decline to persistent market uncertainties, dampened customer sentiment and an unfavorable euro-US-dollar exchange rate.
• The results highlight the sector’s exposure to weak industrial demand and currency headwinds as the company prepares for a leadership change.