Brenntag, the global market leader in chemicals and ingredients distribution, reports excellent results in an exceptional market environment in the second quarter 2021. In addition to the continued strong organic earnings growth, Brenntag pushes ahead with substantial acquisitions fostering its focus industries.

 

In the second quarter 2021, Brenntag generated sales of 3,470.1 million EUR. Operating gross profit rose by 21.1% to 838.7 million EUR compared to 720.6 million EUR in previous year’s quarter. Operating EBITDA grew even more and reached 355.1 million EUR, a very strong year-on-year increase of 34.3%. Earnings per share totaled 0.87 EUR compared to 0.80 EUR a year ago.

 

Christian Kohlpaintner, Chief Executive Officer of Brenntag SE, said: “We achieved excellent results in the second quarter and are highly satisfied with the performance of our two global divisions Brenntag Essentials and Brenntag Specialties. Brenntag Specialties performed particularly well in the second quarter. We want to emphasize that we are still operating in an exceptional market environment. Overall, we expect our business and our results to be impacted positively.” 

 

Georg Müller, Chief Financial Officer of Brenntag SE, said: “The overall exceptional business dynamics and market environment of the first months of 2021 continued into the second quarter. We again benefited from good margin management and were able to generate high gross profit per unit. Additionally, we saw volumes sequentially improving throughout the quarter.”

 

Brenntag confirms its operating EBITDA guidance to be in the range of 1,160 to 1,260 million EUR for the financial year 2021. The guidance was raised in June 2021, and takes into account organic growth, the expected efficiency gains from Project Brenntag and the contribution from already closed acquisitions. It is based on the assumption that exchange rates will remain stable on the level at the time of the guidance upgrade. It also reflects our expectation that the currently exceptional market environment will normalize in the second half of 2021.