Brenntag sees lower 2023 core earnings as macro concerns persist

March 08, 2023 07:23 AM CET | By Reuters

(Reuters) - German chemicals distributor Brenntag on Wednesday forecast lower core earnings for 2023, as it expects the uncertain and challenging macroeconomic environment to keep weighing on its performance.

The company targets annual operating earnings before interest, taxation, depreciation and amortization (EBITDA) in a range of 1.60 billion to 1.80 billion euros ($1.69 billion to $1.90 billion), compared with the 1.81 billion euros it reported for 2022.

($1 = 0.9493 euros)

(Reporting by Tristan Chabba and Bartosz Dabrowski in Gdansk; Editing by Milla Nissi)


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