Sales Dip 2% for Brenntag in Q2 2024

Brenntag reported $4.6 billion in sales in Q2 – a 2% dip in sales from the prior-year quarter – however, results were in-line with market expectations, officials said.

Despite lower sales, operating gross profit could be kept stable on prior-year level with $1.13 billion, a 0.6% increase. Brenntag achieved an operating EBITA of $327.85 million, a year-on-year decline of 10.4%. The higher volumes did not compensate the lower year-on-year gross profit per unit margins in combination with slightly higher costs.

Said CEO Christian Kohlpaintner, “In the challenging markets of the second quarter of 2024, we saw encouraging trends and positive developments. Our sequential volume recovery quarter by quarter materialized as predicted. We were able to keep gross profit per unit stable compared to the first quarter. This is a clear success of our commercial teams to manage margins effectively in an intensive competitive business environment.”