Brenntag Achieves Stable Results in a Still-difficult Market Environment
BRENNTAG SE UNSP/ADR (BNTGY)
NASDAQ:AMEX Investor Relations:
brenntag.com/corporate/en/investor-relations/index.jsp
Company Research
Source: PR Newswire
ESSEN, Germany, Nov. 6, 2019 /PRNewswire/ -- Brenntag (WKN A1DAHH), the global market leader in chemical and ingredients distribution, achieved stable results in the third quarter of 2019 that were once again impacted by the difficult macroeconomic conditions. Particularly in the two large Brenntag regions EMEA and North America, the economic environment continued to turn down. Asia Pacific delivered good quarterly results again. Overall, the Group generated operating EBITDA on a par with the previous year despite the difficult environment. The reported increase in operating EBITDA is mainly attributable to the initial application of IFRS 16, the new financial reporting standard on leases. Brenntag generated sales of 3,254.3 million EUR in the third quarter of 2019, a year-on-year decrease of 1.4% on a constant currency basis (+1.0% as reported). Brenntag's key performance indicator operating gross profit rose to 722.2 million EUR, an increase of 3.9% on a constant currency basis (+6.
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