Brenntag reports 3.2 percent decrease in sales for fiscal 2024
In 2024, Brenntag generated sales of 16,237.4 million EUR which is 3.2% below the previous year. The decrease was due to a decline in sales prices and could not be offset by the higher volumes, which on Group level sequentially increased throughout the year. Brenntag’s operating gross profit reached 4,025.4 million EUR and was on par with prior year (-0.2%) as higher volumes compensated the lower gross profit per unit margins. With an operating EBITA of 1,101.9 million EUR (-12.5%), Brenntag met its guidance from August 2024 at the lower end. The decline in earnings stemmed from both divisions and was due to higher volume-driven costs and inflationary impacts. Earnings per share amounted to 3.71 EUR (2023: 4.73 EUR). Brenntag achieved a strong free cash flow of 892.6 million EUR in 2024. It was below the exceptionally high free cash flow of 1.7 billion EUR in 2023, due to the decline in operating EBITA as well as movements in Brenntag’s working capital.
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