Brenntag SE - Management Reports 2020

News Details

Ad-hoc | 7 April 2020 08:30

Brenntag AG suspends annual forecast for 2020 due to COVID 19 pandemic

Brenntag AG / Key word(s): Change in Forecast

Brenntag AG suspends annual forecast for 2020 due to COVID 19 pandemic

07-Apr-2020 / 08:30 CET/CEST

Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP – a service of EQS Group AG.

The issuer is solely responsible for the content of this announcement.

Due to the considerable uncertainty about the future effects of the COVID 19 pandemic on global economic performance, the Board of Management of Brenntag AG has today taken the decision to suspend the forecast for financial year 2020 published in the 2019 annual report. Brenntag’s business performance in the first quarter was not significantly impacted by the pandemic. With a few exceptions, the Brenntag sites are currently fully operational. At the present time, however, it is not possible to give a reliable estimate of Brenntag’s business performance over the further course of the year due to the current spread of the pandemic in Europe and North America in particular and the containment measures decided by governments. Since the report on expected developments was prepared at the beginning of March 2020, the uncertainty around the expected effects has increased considerably.

The forecast will be updated as soon as it appears that the pandemic has been contained and the effects on Brenntag’s further business performance in 2020 can be reliably determined.

Brenntag has taken extensive measures to protect employees and business processes. The Group has a robust, diversified business model, a high level of liquidity and access to extensive, contractually agreed credit facilities.

Contact:

Brenntag AG

Thomas Langer, Vice President, Corporate Finance & Investor Relations

Phone: +49 201 6496 1496

Fax: +49 201 6496 2003

eMail: [email protected]

www.brenntag.com

07-Apr-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.

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Language:	English
Company:	Brenntag AG
	Messeallee 11
	45131 Essen
	Germany
Phone:	+49 (0) 201 6496 0
Fax:	+49 (0) 201 6496 1010
E-mail:	[email protected]
Internet:	www.brenntag.com
ISIN:	DE000A1DAHH0
WKN:	A1DAHH
Indices:	MDAX
Listed:	Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
EQS News ID:	1017123