Brenntag showed a solid performance in the second quarter of 2023 despite adverse market conditions

In the second quarter 2023, Brenntag generated sales of 4,256.6 million EUR which is 13.7% below the Q2 2022 results. Operating gross profit reached 1,020.8 million EUR, 8.5% below the record high prior year quarter. Operating EBITA came in at 332.2 million EUR, a decline of 25.8% compared to Q2 2022. The free cash flow was very high with 431.7 million EUR (Q2 2022: 157.6 million EUR, +173.9%). This adds up to almost 900 million EUR of free cash flow for the first half of 2023, the highest free cash flow ever recorded in a first 6-month period, and again demonstrates the strong cash generation capability of the business.