Brenntag shows strong performance in ‘the extraordinary year 2020’ to underline resilience
Brenntag, the global market leader in chemical and ingredients distribution, has reported “very good” results for 2020 “despite extraordinary economic conditions due to the global COVID-19 pandemic”.
The company said it implemented a global crisis management and managed to maintain supply chains uninterrupted throughout the year. In addition, Brenntag initiated a comprehensive transformation programme to strengthen and expand its leading position in the industry. It said the implementation of Project Brenntag contributed to these positive results.
Christian Kohlpaintner, chief executive officer of Brenntag SE, said: “Brenntag’s performance has been strong despite very challenging macro-economic and operational conditions in 2020. Our high diversification by countries and by industry segments helped us mitigate the impacts caused by the COVID-19 pandemic.
“In addition, our excellent, stable and reliable supplier base as well as our longstanding customer relationships were a decisive factor to navigate well through the past year. Especially, we owe a big thank you to our employees for their great dedication in 2020. In summary, we are very satisfied with the financial results 2020. The strong earnings performance and the free cash flow of more than one billion EUR, the highest the company has ever achieved, have allowed us to propose an increase of our dividend to 1.35 EUR per share.”
For more information visit www.brenntag.com
15th March 2021