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Investing.com -- Brenntag AG (ETR:BNRGn) shares dipped more than 4% Wednesday after the German chemicals distributor posted weaker-than-expected first-quarter core earnings due to a difficult operating environment and narrowed its full-year profit outlook.
The company posted operating EBITA of €264.3 million ($295.75 million) for the quarter, up from €259.7 million a year earlier but below the €275.9 million expected by analysts surveyed by Vara Research.
Group sales for the quarter were €4.07 billion, also below the €4.17 billion expected by analysts.
“Brenntag experienced another quarter characterized by a challenging business environment with ongoing geopolitical and even increased economic uncertainties and volatility, amplified by global tariff negotiations,” CEO Christian Kohlpaintner said.
"We expect a negative share price pressure," Jefferies analysts said in a post-earnings note.
Brenntag said it is monitoring tariff developments closely at the international level and has prepared multiple scenarios along with mitigation strategies.
The company now anticipates full-year core profit will come in at the lower end of its previously guided range of €1.1 billion to €1.3 billion. Analysts polled by Vara Research had forecast €1.17 billion.