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Brenntag SE (BNR.HM)

Hamburg - Hamburg Delayed Price. Currency in EUR
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66.32+0.94 (+1.44%)
As of 08:16AM CEST. Market open.
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    Brenntag shares fall as chemicals price pressures hit forecast

    Brenntag's shares dropped sharply on Tuesday after the German chemicals distributor lowered its annual earnings forecast and missed first-quarter estimates due to price pressures and lower-than-expected demand in some areas. Brenntag said that higher volumes were not making up for lower prices, without giving exact figures. "Finding the right price points at this moment is a little bit tricky as we have not been fully meeting the expectations in Q1," said CEO Christian Kohlpaintner in an analyst call.