Brenntag has reported first-quarter results very much in line with expectations. Group sales were virtually flat against last year at €4.53bn, with operating gross profit up just 0.7 per cent at €1.05bn. Operating EBITA was, though, down by 12.5 per cent year-on-year at €345.1m, with the loss concentrated in the Brenntag Specialties division.
“In a continued challenging macro-economic environment with ongoing geopolitical uncertainties and strong inflationary trends, we achieved first quarter results in line with our expectations and guidance,” says CEO Christian Kohlpaintner. “Sales and operating gross profit could be kept stable compared to the exceptional strong level of the prior-year quarter. Operating EBITA normalised according to our expectations and guidance.”
