Brenntag reports “outstanding results” in third quarter of 2021
According to the company, both divisions continued to deliver “strong results” with Brenntag Specialties in particular showing an excellent performance.
In the third quarter 2021, Brenntag generated sales of EUR 3,738.2 million. Operating gross profit rose by 23.7% to EUR 862.3 million compared to EUR 695.2 million in previous year’s quarter. Operating EBITDA reached EUR 342.9 million, a strong year-on-year increase of 29.7%. Earnings per share totaled EUR 1.02 compared to EUR 0.76 a year ago which is an increase of 34%.
Both divisions with strong results
The Brenntag Essentials division which markets a broad portfolio of process chemicals reached an operating gross profit of 520.2 million EUR (+19.5%). Operating EBITDA increased by 28.7% to 210.3 million EUR compared to the prior-year period. The EMEA, Latin America and particularly North America regions contributed to this positive performance. The business development in Asia Pacific was severely impacted by renewed and strict COVID-19 lockdowns in countries such as Thailand, Vietnam, and Indonesia, as well as dual control measures in China to reduce specific energy consumption and greenhouse gas emissions.
The Brenntag Specialties division achieved an operating gross profit of 334.3 million EUR (+30.1%). Operating EBITDA rose by 42.3% to 152.9 million EUR compared to the previous year’s quarter. These remarkable results are due to a broad-based positive performance across all focus industries. In the Americas region, Brenntag Specialties showed particularly strong results.
