Brenntag's Q1 earnings hit by pricing pressure, lower demand
May 14 (Reuters) -German chemicals distributor Brenntag BNRGn.DE missed first-quarter operating EBITA forecasts on Tuesday, citing price pressures and lower-than-expected demand in some markets and industries.
Brenntag's operating earnings before interest, tax and amortisation (EBITA) fell 24% year-on-year to 259.7 million euros ($280.03 million), below the average estimate of 279.4 million euros in a poll of analysts by Vara Research. ($1 = 0.9274 euros)
Reporting by Marta Frąckowiak and Matteo Allievi in Gdansk; editing by Alexander Smith
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