03 Apr 2008 -
Brenntag finished 2007 with record results. With an increase of 9%, the company's 2007 revenues climbed to EUR 6.7 billion (US$ 9.1 billion). Earnings before interest, taxes, depreciation and amortization (operating EBITDA) increased by 14%. Eliminating currency exchange movements removes the effects the weakened dollar had on reported results and reveals a more realistic picture of the strong underlying growth, accordingly, sales and operating EBITDA increased by 13% and 18%, respectively.
Brenntag's Chief Executive Officer Stephen R. Clark:" Brenntag's solid performance is a reflection of the confidence that our customers and suppliers alike have placed in Brenntag. Both constituents continue to benefit from our unparalleled physical network and service capabilities. During 2007, we completed five acquisitions to improve both our product and geographic portfolios. In addition, capital expenditures totalled EUR 95 million (US$ 130 million), the majority of which provided expanded capabilities, greater efficiency or enhanced safety. We look forward to utilising these new assets to enhance the results of our business partners."
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