Q1 2026 Brenntag SE Earnings Call Transcript
Key Points
- Brenntag SE (BNTGF) demonstrated resilience with a gross margin increase of 0.9 percentage points to 25.9%, reflecting strong pricing discipline and supply reliability.
- The company quickly adapted to the Iran crisis by securing supplies and implementing price increases, showcasing agility and effective crisis management.
- Brenntag SE (BNTGF) achieved EUR27 million in cost-out savings in Q1 2026, contributing to their target of EUR150 million savings for the year.
- The company's Essentials division showed signs of recovery with improving pricing dynamics and increased market volatility.
- Brenntag SE (BNTGF) confirmed its guidance for fiscal year 2026, expecting operating EBITDA in the range of EUR1.150 billion to EUR1.350 billion, indicating confidence in their business model.
- Operating EBITDA decreased by 8.3% year-on-year, primarily due to weaker volumes in January and February.
- The company faced higher operating expenses due to increased energy and transportation costs linked to the Middle East crisis.
- Brenntag SE (BNTGF) experienced fatalities in the business, highlighting safety concerns in their operations.
- There is uncertainty regarding the impact of the Middle East crisis on demand in the second half of the year, posing a risk to future performance.
- The company's Specialties division faced a softer demand environment, particularly in the Life Science sector, affecting overall performance.
Ladies and gentlemen, thank you for standing by. Welcome to the Brenntag SE Q1 2026 results call and live webcast. Please note that this call will be recorded. (Operator Instructions)
I would now like to turn the call over to Andre Simon, Senior Vice President, Corporate Investor Relations. Please go ahead.
Yes. Thank you, Dani. Good afternoon, ladies and gentlemen, and welcome to our earnings call for the first-quarter '26 from my end as well. On the call with me are our CEO, Jens Birgersson; and our CFO, Thomas Reisten. They will walk you through the presentation, which is followed by the Q&A session.
All relevant documents have been published this morning on our website in the Investor Relations section, where the replay of today's call will be also available. Allow me also to point out our Safe Harbor statement, which can be found at the end of the slide deck.
With that, I now hand over to our CEO, Jens. Please go ahead.
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