DGAP-Ad-hoc: Brenntag AG / Key word(s): Change in Forecast
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.
07-Apr-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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|EQS News ID:||1017123|
|End of Announcement||DGAP News Service|
1017123 07-Apr-2020 CET/CEST