Brenntag Generates Sales of $20.4 Billion in Fiscal Year 2022

Brenntag, a global market leader in chemicals and ingredients distribution, reported strong results for the financial year 2022, despite a highly challenging macroeconomic environment. Sales rose nearly 28% to $20.4 billion . 

 

Brenntag’s operating gross profit rose 20.3% compared to prior year to $4.5 billion. In an environment with product shortages and deliberate business choices, the company continued to benefit from good margin management and was able to generate high gross profit per unit. 

 

“Our excellent operational and financial results demonstrate the resilience of Brenntag and its business model as well as our ability to act as a reliable partner under adverse and volatile circumstances,” said Christian Kohlpaintner, CEO of Brenntag SE. “Our Brenntag colleagues around the world made these remarkable results possible while delivering in parallel on our ‘Project Brenntag’ targets and developing our ‘Strategy to Win’ to exceed market growth. We can be proud of these collective achievements, and we are on the right path to shape the future of our industry.”

 

Brenntag also achieved the highest operating EBITDA to date, $1.9 billion, a year-over-year increase of 26.7%. Going forward, Brenntag will use operating EBITA, introduced as part of the “Strategy to Win,” as the new lead KPI. Earnings per share achieved a new record with $6.05. 

 

“Brenntag achieved an extraordinary strong, full-year free cash flow of over one billion euros, showcasing the company’s strengths in generating cashflow throughout volatile market conditions with geopolitical and economic uncertainties,” said Kristin Neumann, chief financial officer of Brenntag SE. “With both, our proposed dividend as well as with the share buyback program, we highlight our ability to generate long term shareholder value. We will return capital in excess of one billion EUR to our shareholders.”