26.10.2020 Brenntag AG  DE000A1DAHH0

DGAP-Adhoc: Brenntag AG: Transformation program 'Project Brenntag' to deliver additional operating EBITDA contribution of EUR 220 million in total from the beginning of 2023


DGAP-Ad-hoc: Brenntag AG / Key word(s): Strategic Company Decision/Strategic Company Decision
Brenntag AG: Transformation program 'Project Brenntag' to deliver additional operating EBITDA contribution of EUR 220 million in total from the beginning of 2023

26-Oct-2020 / 18:05 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

Transformation program "Project Brenntag" to deliver additional operating EBITDA contribution of EUR 220 million in total from the beginning of 2023

The Board of Management and the Supervisory Board of Brenntag AG (ISIN: DE000A1DAHH0) have today decided on the financial framework and further measures of its transformation program "Project Brenntag". The program aims to further expand Brenntag's leading market position and drive sustainable organic earnings growth.

Brenntag leads the chemicals distribution market and offers a full-line portfolio of chemicals and ingredients on a global level. Project Brenntag includes changes to the operating model, a differentiated go-to-market approach, an optimization of the global site network, an adjustment of the global workforce and changes in the Board of Management and the leadership structure of the group.

Brenntag already announced its future operating model together with changes in the Board of Management of Brenntag AG. The new operating model will be effective from 1 January 2021 and consists of two global divisions with a differentiated business steering and a distinct market approach: Brenntag Essentials and Brenntag Specialties.

Today, the Board of Management and the Supervisory Board of Brenntag AG decided on the following additional measures of Project Brenntag:

In order to increase efficiency, the site network will be optimized and about 100 sites are intended to be closed globally.

The company expects the implementation of all the various measures of Project Brenntag to lead to a global reduction of approximately 1,300 jobs out of the total workforce of around 17,500 employees. It is intended to phase in these reductions over the next two years in a socially responsible manner.

The Group anticipates Project Brenntag to deliver a sustainable annual contribution of additional operating EBITDA of about EUR 220 million. The contribution will increase year by year and the full annual potential will be reached already by the beginning of 2023. The overall net cash outflow to incur for the implementation of Project Brenntag is expected to total around EUR 370 million.

Project Brenntag is a multi-year transformation program to position the company for sustainable organic earnings growth.

Forward-looking statements
This communication contains forward-looking statements. A forward-looking statement is any statement that does not refer to historical facts and events, but instead reflects Brenntag's current estimates, forecasts and assumptions regarding the future. This applies in particular to statements in this communication about EBITDA growth, cost reductions, etc.

Although the forward-looking statements in this communication are based on assumptions which Brenntag's management considers to be reasonable, they necessarily involve known and unknown risks and uncertainties that may cause actual results and future events to differ materially from the results and future events assumed in the statements.

Forward-looking statements are no guarantee of future performance, and readers should not attach undue importance to them. Unless required by securities law, Brenntag does not assume any obligation to update forward-looking statements when circumstances or management's estimates change.

For further information on factors that may cause actual results and future events to differ from those assumed in forward-looking statements, please refer to the reports published by Brenntag AG, including the section of the 2019 annual report entitled "Report on Expected Developments, Opportunities and Risks".

Brenntag AG
Diana Alester, Senior Manager Investor Relations, Corporate Finance & Investor Relations
Phone: +49 201 6496 1141
Fax: +49 201 6496 2003
eMail: [email protected]

26-Oct-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

Language: English
Company: Brenntag AG
Messeallee 11
45131 Essen
Phone: +49 (0) 201 6496 0
Fax: +49 (0) 201 6496 1010
E-mail: [email protected]
Internet: www.brenntag.com
Indices: MDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1143137

End of Announcement DGAP News Service

1143137  26-Oct-2020 CET/CEST


Die wichtigsten Finanzdaten auf einen Blick
  2017 2018 2019 2020 2021 2022 2023e
Umsatzerlöse1 11.743,30 12.550,00 12.821,80 11.775,80 14.382,50 19.429,30 16.815,10
EBITDA1,2 836,00 875,50 1.001,50 1.057,70 1.344,60 1.808,60 1.584,60
EBITDA-Marge3 7,12 6,98 7,81 8,98 9,35 9,31
EBIT1,4 782,20 721,00 716,90 713,00 742,40 1.382,40 1.122,70
EBIT-Marge5 6,66 5,75 5,59 6,05 5,16 7,12 6,68
Jahresüberschuss1 362,00 462,30 469,20 473,80 461,40 902,50 721,10
Netto-Marge6 3,08 3,68 3,66 4,02 3,21 4,65 4,29
Cashflow1,7 404,50 375,30 469,20 1.219,00 388,60 956,70 1.663,90
Ergebnis je Aktie8 2,34 2,98 3,02 3,02 2,89 5,74 4,73
Dividende8 1,10 1,20 1,25 1,35 1,45 2,00 1,05
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2023 - Kostenfrei herunterladen.  
1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

Wirtschaftsprüfer: Deloitte

WKN Kurs in € Einschätzung Börsenwert in Mio. €
A1DAHH 69,660 Halten 10.271,63
KGV 2025e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
13,14 18,64 0,71 20,54
2,57 6,17 0,61 7,86
Dividende '22 in € Dividende '23e in € Div.-Rendite '23e
in %
2,00 2,10 3,01 23.05.2024
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
14.05.2024 13.08.2024 12.11.2024 07.03.2024
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
-10,58% -8,99% -16,29% -8,56%
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