Brenntag with growing Sales, Gross Profit and Operating EBITDA in 2014, but flat Profit after Tax
Global chemical distributor Brenntag AG (Mülheim an der Ruhr, Germany) recently published the group’s results for 2014.
With Total Sales of EUR 10’016 mn (up 2.5% as reported and 3.2% at constant currency), the reached a Gross Profit of EUR 2’027 mn, an increase of 4.2% as reported and 4.8% at constant currency. Europe accounted for 46.8% of the sales, followed by North America with 38.6%. Latin America and Asia Pacific contributed 8.2% and 5.8% respectively. (Note: The “Other Segments” business of Brenntag Chemicals makes up the residual.)
The resulting Operating EBITDA was EUR 727 mn (up 4.1% as reported and 4.3% at constant currency), slightly above earlier guidance at a range of EUR 700 to 720 mn.
At a level of EUR 340 mn, Profit After Tax (PAT) was virtually flat when compared to the EUR 339 mn reached in the previous year. Earnings per share were stable at EUR 2.20 and the company plans to propose a dividend payment of EUR 0.90 per share, a 3.8% increase over the 2013 figure.
Source: Brenntag media release, the full text can be accessed via the link http://www.brenntag.com/en/downloads/Pressemitteilungen/2015/GJ_2014/PM_FY2014_en1.pdf
HGE – DCG / 26.03.2015