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Brenntag Reports a Solid First Quarter 2019

BRENNTAG SE UNSP/ADR (BNTGY) 
Company Research Source: PR Newswire
ESSEN, Germany, May 9, 2019 /PRNewswire/ -- Brenntag (WKN A1DAHH), the global market leader in chemical distribution, posted solid results in the first quarter of 2019. Its key performance indicators operating gross profit and operating EBITDA showed an increase at Group level. The growth in operating EBITDA is mainly attributable to the initial application of the new financial reporting standard IFRS 16 on leases. On operating level, a positive performance in the North America, Asia Pacific and Latin America regions contrasted with a weaker performance in the EMEA region that was due mainly to lower demand. In all the Group's regions, the acquisitions made a positive contribution to earnings. Sales in the Q1 2019 were up by 3.7% year on year on a constant currency basis (+7.0% as reported) to 3,182.3 million EUR. Brenntag's key performance indicator operating gross profit reached 688.2 million EUR, an increase of 4.4% on a constant currency basis (+7.9% as reported). Operating EBITDA Show less Read more
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