Initiation of Coverage- Defying Inflation with Game-Changing Cost Discipline!

 Brenntag SE, a prominent player in the chemical distribution industry, reported its first-quarter 2025 earnings amidst a persistently challenging business environment characterized by economic uncertainty, volatile geopolitical conditions, and potential tariff impacts. Sales for the quarter remained stable at EUR 4.1 billion compared to the same period last year. Although the operating gross profit showed a 2% year-over-year increase, reaching EUR 1.0 billion, the overall performance fell slightly short of expectations, impacted by negative economic sentiments and a challenging industrial chemical pricing environment.