This is an additional motivation to our colleagues across the world who are relentlessly working on realizing business opportunities and further developing our company in this tough operating environment.” We observed a gradual monthly improvement in demand, with early indications for a positive Q2 volume development continuing. As anticipated, the Brenntag Group showed a sequentially stronger performance relative to Q4 2022. Operating EBITA normalized according to our expectations and guidance. Sales and operating gross profit could be kept stable compared to the exceptional strong level of the prior-year quarter. The Brenntag Specialties results were impacted by declines in volumes in several industry segments but need to be viewed against an exceptionally strong first quarter last year.Ĭhristian Kohlpaintner, Chief Executive Officer of Brenntag SE : “In a continued challenging macro-economic environment with ongoing geopolitical uncertainties and strong inflationary trends, we achieved first quarter results in line with our expectations and guidance. Brenntag Essentials performed very well and accomplished further growth in operating gross profit and operating EBITA compared to the already strong previous year. With 449 million EUR, the free cash flow was at nine times the prior-year level and presents a record in a first quarter.
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