Brenntag reports double-digit increase in EBITDA in first quarter

Brenntag reported a “very good” start to financial year 2018. The positive quarterly results are driven mainly by organic growth, with the North America and Asia Pacific regions delivering excellent growth rates.

The sales generated by the Brenntag Group in the first quarter of 2018 were up by 7.9% year on year to €2,975.2m. Operating gross profit reached €637.6m, a clear increase of 6.6%, while operating EBITDA showed an increase of 10.2% to €206.6m. The reported quarterly figures reflect the severe weakening of the US dollar.

Profit after tax was up on the prior-year figure of €94.7m to €106.0m. Steven Holland, Chief Executive Officer of Brenntag, said: “We are very pleased with the start to financial year 2018. The good quarterly results were underpinned by broad-based organic growth across the group. The above-average rise in operating EBITDA and consequent increase in our profitability are particularly encouraging.”

The company’s North America operations continued its strong performance. The region achieved excellent results and high rates of increase supported by organic growth and almost all customer segments. Operating gross profit was up by 8.7% on the previous year to €257.6. Operating EBITDA increased significantly, rising by 13.1% to €88.1m.

For more information, visit: www.brenntag.com

9th May 2018