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Brenntag reports quarterly sales above estimates in tough market

By Reuters News

Nov 11 (Reuters) - German chemicals distributor Brenntag BNRGn.DE reported quarterly sales above market expectations on Wednesday, despite a persistently challenging market environment.

The company posted revenue of €4.26 billion ($4.76 billion) for the third quarter, up from €3.72 billion a year earlier, which beat analysts' average forecast of €4.0 billion in a poll compiled by Vara Research.

Brenntag confirmed its 2026 operating profit guidance of €1.35 billion to €1.45 billion, and said it expected earnings to come in towards the upper end of that range.

CEO Jens Birgersson said in a statement that market conditions remained fragile, with inflation and elevated costs of energy, transportation and freight continuing to weigh on the business.

Brenntag reported quarterly operating earnings before interest, taxes, depreciation and amortisation of €385 million, which was up from €330 million a year ago but slightly below analysts' forecast of €388.7 million.

($1 = 0.8957 euros)

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