Brenntag: Chemical Trader on the Verge of Turnaround Thanks to [Cost-Cutting Measures]!

Business Driver: Brenntag is currently feeling the effects of the persistently difficult economic conditions and is struggling with declining sales volumes of basic and specialty chemicals in many markets. Thanks to cost-cutting measures and the closure of smaller locations, Brenntag is trying to counteract this, aiming for savings of 300 million euros by 2027. In the past Q2, the company had to report a significant profit drop of -71% to 42.9 million euros after a revenue decline of around 4%. The outlook for the current fiscal year was correspondingly...