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Brenntag reports a broad based increase in operating EBITDA for the second quarter of 2018

Nachrichtenagentur: news aktuell
08.08.2018, 09:13  |  1518   |   |   
Essen (ots) - Brenntag (WKN A1DAHH), the global market leader in
chemical distribution, continued to perform well in the second
quarter of 2018: the Group increased its key performance indicators
by a clear margin, with operating EBITDA growing at a double-digit
rate again on a constant currency basis. The encouraging performance
was underpinned primarily by organic growth. Against this background,
Brenntag forecasts clear growth in its key performance indicators
operating gross profit and operating EBITDA for financial year 2018
as a whole.

Brenntag generated sales of 3,215.0 million EUR in the second
quarter of 2018, a year-on-year increase of 12.2% on a constant
currency basis (+7.1% as reported). Operating gross profit rose by
8.4% on a constant currency basis (+3.1% as reported) to 677.0
million EUR. Operating EBITDA also showed clear growth at constant
currency rates, rising by 10.7% (+4.8% as reported) to 231.3 million
EUR. Profit after tax was up on the prior-year figure of 106.8
million EUR to 118.3 million EUR in the second quarter of 2018. This
translates into earnings per share attributable to Brenntag
shareholders of 0.76 EUR.

Steven Holland, CEO Brenntag AG, said, "We are pleased with the
strong performance which is underpinned by broad based organic growth
and positive contributions from the acquisitions leading to a
double-digit increase in operating EBITDA. Together with the first
quarter, this made for a solid first half of 2018 for us - with
organic growth strongly outperforming prior year."

In light of the results and the performance in the regions in the
first half of 2018, the Brenntag Group continues to expect clear
growth in its key performance indicators operating gross profit and
operating EBITDA. Assuming that exchange rates remain unchanged over
the period to year-end, Group operating EBITDA is forecast to be in
the 870 to 900 million EUR range.

Find all figures and details for Q2 2018 on Brenntag's website:
https://www.brenntag.com

Originaltext: Brenntag AG
digital press kits: http://www.presseportal.de/nr/108645
press kits via RSS: http://www.presseportal.de/rss/pm_108645.rss2
ISIN: DE000A1DAHH0

Contact:
Hubertus Spethmann
Brenntag AG
Corporate Communications
Messeallee 11
45131 Essen
Germany
Telephone: +49 (201) 6496-1732
E-Mail: hubertus.spethmann@brenntag.de
https://www.brenntag.com

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