Brenntag to Ramp Up Savings Amidst Financial Challenges

Downgraded Forecast Prompts Cost-Cutting Measures

FRANKFURT, Dow Jones -- Chemical distributor Brenntag plans to intensify its cost-cutting efforts in response to a disappointing second quarter. Despite earlier lowering its annual earnings forecast, Brenntag's operating EBITA targets remain elusive, prompting further savings initiatives.

Consensus Estimate Adjustments

Analysts have adjusted their consensus estimates and price targets for Brenntag SE (A1DAHH), reflecting the company's revised financial outlook. The ongoing global chemical crisis continues to impact Brenntag's performance, leading to a reevaluation of the company's financial targets.

Cost-Cutting Measures

To offset the challenging market conditions, Brenntag will implement a range of cost-cutting measures. These may include optimizing operations, reducing expenses, and exploring potential divestitures. The company aims to strengthen its financial position and improve profitability in the face of adversity.