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ORGANIC CHEMISTRY RESULTS • BRENNTAG’S RESTRUCTURING PROCESS, COMBINED WITH EXTERNAL FACTORS AND FURTHER ACQUISITIONS, BOOSTED PERFORMANCE IN THE FIRST HALF BRENNTAG HAS REPORTED second quarter gross profit of €838.7m, up 21.1 per cent on the same period last year, with operating EBITDA up 34.3 per cent at €355.1m, in what
Brenntag Essentials and Brenntag Specialties. Brenntag Specialties performed particularly well in the second quarter.” CFO Georg Müller adds: “The overall
the company calls “an exceptional market environment”. Sales were ahead by 23 per cent year-on-year at €3.47bn. Christian Kohlpaintner, CEO, says: “We achieved excellent results in the second quarter and are highly satisfied with the performance of our two global divisions
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.”
HCB MONTHLY | SEPTEMBER 2021
Brenntag Essentials, which markets a broad portfolio of process chemicals across a wide range of industries, posted an operating gross profit of €523.1m, up 16.3 per cent on the second quarter 2020, with operating EBITDA of €230.1m, 29.1 per cent up; North American operations in particular made a significant contribution, the company notes. Brenntag Specialties posted even better figures, with operating gross profit up 30.1 per cent at €308.9m and operating EBITDA ahead by nearly 50 per cent at €144.5m. “These remarkable results are due to a broad-based positive performance across all segments and were driven almost entirely by organic growth,” Brenntag says. CHANGE IN HAND This year’s second quarter figures partly reflect the change since the same period last year, which was the first to be impacted by the
