Chemicals distributor attributes performance to resilient business model
German chemicals distributor Brenntag has reported positive earnings for the 2012 financial year, with sales up 7.7% on 2011 on a constant currency basis to nearly €9.69bn. Gross profit increased year on year by 4.6% to just under €1.93bn while operating EBITDA rose 2.2% to more than €706m.
Brenntag said the strong performance could be attributed to its resilient business model, flexible adjustment to difficult macroeconomic conditions and recently executed strategic acquisitions, specifically that of The Multisol Group.
“We are also benefiting from our special combination of local presence and global strength,” added Steven Holland, CEO of Brenntag. “Our broad diversification, the resistance of our business model and our extensive relationships with suppliers also helped us to achieve our impressive results for 2012.”