Plus   Neg

Brenntag Publishes New Forecast For FY20

Brenntag (BNTGF.PK) has published a new forecast for financial year 2020. The original forecast published in the 2019 annual report was suspended in April due to the considerable uncertainty associated with the COVID-19 pandemic.

The company noted that current business performance is in line with the board of management's expectations.

The Group now expects operating EBITDA for financial year 2020 to be between 1.000 billion euros and 1.040 billion euros, compared to 1.00 billion euros in 2019.

The company said it achieved sound earnings growth in the first half of 2020, despite the impact of the COVID-19 pandemic on general economic performance.

Brenntag said it continues to implement the measures already taken by the company to protect employees, business processes and business partners.

The company said it will publish its full interim report for the third quarter of 2020 on November 4.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
NASA's Osiris-Rex robotic spacecraft briefly touched down on near-Earth asteroid Bennu's surface on Tuesday to collect rock and dust samples that will be brought back to Earth in 2023. Bennu is currently more than 200 million miles, or 321 million kilometres, from Earth. Osiris-Rex launched from Cape Canaveral Air Force Station in Florida in September 2016. Amazon said Wednesday that free one-hour grocery pickup is now available to prime members at all U.S. Whole Foods Market locations. Previously, the prime members could pick up Whole Foods orders only at select stores. J.C. Penney said it is near to exiting Chapter 11 ahead of the busy December 2020 holiday season. The beleaguered retailer filed a draft asset purchase agreement towards finalization of the acquisition by Brookfield Asset Management, Inc. and Simon Property Group, Inc. They are expected to buy substantially all of J.C. Penney's retail and operating assets in a combination of cash and debt.
Follow RTT