Brenntag AG / Key word(s): Quarter Results/Change in Forecast 05.11.2015 06:55 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- 3rd quarter 2015 * Gross profit increases by 9.6% (as reported) to 570.5 million EUR * Operating EBITDA totals 204.4 million EUR, plus 7.5% (as reported) * Profit after tax amounts to 94.7 million EUR * Earnings per share reach 0.61 EUR * Free cash flow amounts to 191.0 million EUR, plus 37.7% Outlook 2015 * Earnings above previous year with an operating EBITDA between 790 and 810 million EUR, slightly lowering the initial forecast by 5% In the third quarter of 2015, at 2,607.5 million EUR Brenntag's sales were at the same level as in the previous quarter (+0.8% as reported). The company's gross profit rose by 9.6% (as reported) to 570.5 million EUR (+1.2% on a constant currency basis). Operating EBITDA increased by 7.5% on the previous year (as reported) to 204.4 million EUR (-2.0% on a constant currency basis). Brenntag's profit after tax amounted to 94.7 million EUR in the third quarter of 2015. This represents earnings per share for Brenntag's shareholders of 0.61 EUR. Free cash flow amounted to 191.0 million EUR in the third quarter of 2015 compared to 138.7 million EUR in the same quarter of 2014. Financial results of the segments The overall economic environment remains challenging with a number of factors affecting underlying demand in all regions. Results in North America were affected by continued weakness in oil & gas. An additional loss of momentum in the macro economy limited Brenntag's ability to compensate this through the business in other customer industries. In the third quarter of 2015, Brenntag Europe realized an operating gross profit of 255.1 million EUR, an increase of 5.0% on the same quarter in the previous year (+3.5% on a constant currency basis). The operating EBITDA rose by 3.7% to 87.2 million EUR (+2.1% on a constant currency basis) The company's earnings in North America were affected in the third quarter due to the continuing weak demand from the oil- & gas industry on account of the low price of oil. In addition, Brenntag North America in total registered a slightly weaker level of demand than in the first half of the current year. Its operating gross profit rose by 13.8% to 240.9 million EUR (-3.0% on a constant currency basis). Its operating EBITDA amounted to 95.7 million EUR, which corresponds to an increase of 7.6% (-9.0% on a constant currency basis). The results in the region Latin America rose: Operating gross profit was at 50.5 million EUR 15.0% higher than in the same quarter in the previous year (+11.3% on a constant currency basis). Its operating EBITDA also grew by 24.2% to 15.4 million EUR (+25.0% on a constant currency basis). In the third quarter, Brenntag Asia Pacific rose its operating gross profit by 12.8% to 34.4 million EUR (+2.6% on a constant currency basis). Its operating EBITDA reached 12.1 million EUR, which represents growth of 19.8% (+8.8% on a constant currency basis). Outlook 2015 With respect to the EBITDA guidance Brenntag takes a more cautious view for the rest of the year to reflect the overall macroeconomic conditions. Brenntag expects an operating EBITDA for the Group between 790 and 810 million EUR, about 5% lower than the initial guidance (previous year's figure: operating EBITDA in an amount of 727 million EUR). Contact: Brenntag AG Thomas Langer, Diana Alester, René Weinberg Corporate Finance & Investor Relations Stinnes-Platz 1 45472 Mülheim an der Ruhr Germany Telephone: +49 (208) 7828-7653 Fax: +49 (208) 7828-7755 E-Mail: [email protected] 05.11.2015 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: Brenntag AG Stinnes Platz 1 45472 Mülheim an der Ruhr Germany Phone: +49 (0) 208 7828 - 7653 Fax: +49 (0) 208 7828 - 7755 E-mail: [email protected] Internet: www.brenntag.com ISIN: DE000A1DAHH0 WKN: A1DAHH Indices: MDAX Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart End of Announcement DGAP News-Service ---------------------------------------------------------------------------