Income Statement Brenntag SE

Equities

BNR

DE000A1DAHH0

Diversified Chemicals

Real-time Estimate Tradegate Other stock markets 12:58:25 13/09/2024 BST			5-day change	1st Jan Change
64.99 ^EUR	+0.98%		+1.03%	-21.97%

11:51am	BRENNTAG : Gets a Buy rating from Goldman Sachs	ZD
09-12	BRENNTAG : Warburg Research reaffirms its Buy rating	ZD

12c6.4xdzzNg-DFB-IakDj9J0OpwZABIcBXcuEUKQ1oroY4M.kiInqutbTiYqcdlc7KU2Y69MaHtrcUUeSSj2gcKQJOWCbgu1vg9YAiZE7A

Published financial data: BRENNTAG SE

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	12.82B	11.78B	14.38B	19.43B	16.82B
Total Revenues	12.82B	11.78B	14.38B	19.43B	16.82B
Cost of Goods Sold, Total	10.08B	9.01B	11B	15.37B	12.77B
Gross Profit	2.74B	2.77B	3.38B	4.06B	4.04B
Selling General & Admin Expenses, Total	2.05B	2.07B	1.26B	1.46B	1.45B
Provision for Bad Debts	6.2M	8.9M	7.5M	15M	3.2M
Depreciation & Amortization - (IS)	-	-	317M	368M	379M
Other Operating Expenses	-14.6M	-19.3M	1.02B	849M	1.13B
Other Operating Expenses, Total	2.04B	2.06B	2.6B	2.69B	2.96B
Operating Income	701M	702M	779M	1.37B	1.08B
Interest Expense, Total	-91M	-68.2M	-62.7M	-107M	-119M
Interest And Investment Income	4M	3.6M	4.5M	16.7M	18.9M
Net Interest Expenses	-87M	-64.6M	-58.2M	-90.2M	-99.8M
Income (Loss) On Equity Invest.	300K	-	1M	1.6M	900K
Currency Exchange Gains (Loss)	-17.1M	-15.2M	-3.2M	-32.1M	-27.9M
Other Non Operating Income (Expenses)	13M	-600K	-30.4M	-24.9M	11M
EBT, Excl. Unusual Items	610M	622M	688M	1.23B	963M
Merger & Related Restructuring Charges	-2.1M	-1.1M	-500K	-1.5M	-
Impairment of Goodwill	-	-	-	-38.1M	-
Gain (Loss) On Sale Of Investments	10.3M	2.5M	-	-	-
Gain (Loss) On Sale Of Assets	6.7M	2.8M	4.2M	7.3M	27.4M
Asset Writedown	-1.6M	-1.8M	-56.2M	-700K	-4.6M
Other Unusual Items	10M	8.9M	14.9M	40.5M	17M
EBT, Incl. Unusual Items	633M	633M	650M	1.23B	1B
Income Tax Expense	164M	160M	189M	332M	282M
Earnings From Continuing Operations	469M	474M	461M	902M	721M
Net Income to Company	469M	474M	461M	902M	721M
Minority Interest	-2.5M	-7.3M	-13.1M	-15.7M	-6.2M
Net Income - (IS)	467M	466M	448M	887M	715M
Net Income to Common Incl Extra Items	467M	466M	448M	887M	715M
Net Income to Common Excl. Extra Items	467M	466M	448M	887M	715M
Per Share Items
Net EPS - Basic	3.02	3.02	2.9	5.74	4.73
Basic EPS - Continuing Operations	3.02	3.02	2.9	5.74	4.73
Basic Weighted Average Shares Outstanding	154M	154M	154M	154M	151M
Net EPS - Diluted	3.02	3.02	2.89	5.74	4.73
Diluted EPS - Continuing Operations	3.02	3.02	2.89	5.74	4.73
Diluted Weighted Average Shares Outstanding	154M	154M	155M	154M	151M
Normalized Basic EPS	2.45	2.47	2.7	4.86	3.94
Normalized Diluted EPS	2.45	2.47	2.69	4.86	3.94
Dividend Per Share	1.25	1.35	1.45	2	2.1
Payout Ratio	39.73	41.39	46.53	25.26	42.62
American Depositary Receipts Ratio (ADR)	0.2	0.2	0.2	0.2	0.2
Supplemental Items
EBITDA	872M	872M	960M	1.59B	1.3B
EBITA	740M	734M	820M	1.43B	1.13B
EBIT	701M	702M	779M	1.37B	1.08B
EBITDAR	905M	905M	1.01B	1.66B	1.36B
Effective Tax Rate - (Ratio)	25.92	25.19	29.05	26.92	28.09
Total Current Taxes	167M	168M	222M	325M	259M
Total Deferred Taxes	-3.1M	-8.4M	-32.8M	7.7M	22.7M
Normalized Net Income	379M	381M	417M	751M	596M
Interest on Long-Term Debt	12.7M	12.2M	11M	12M	17.8M
Non-Cash Pension Expense	3.2M	1.8M	1.5M	2.2M	4.4M
Supplemental Operating Expense Items
Selling and Marketing Expenses	1.84B	1.84B	-	-	-
General and Administrative Expenses	211M	233M	-	-	-
Net Rental Expense, Total	33.2M	33M	52.4M	76M	58.3M
Imputed Operating Lease Interest Expense	10.21M	7.75M	10.86M	22.14M	19.74M
Imputed Operating Lease Depreciation	22.99M	25.25M	41.54M	53.86M	38.56M
Maintenance & Repair Expenses, Total	-	-	-	257M	-
Stock-Based Comp., SG&A Exp. (Total)	-	-	22.1M	15.3M	19.5M
Stock-Based Comp., Other (Total)	5.4M	9.3M	-	-	-
Total Stock-Based Compensation	5.4M	9.3M	22.1M	15.3M	19.5M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	520M	726M	705M	1.05B	577M
Short Term Investments	7.6M	5.5M	6.5M	7.9M	8.4M
Trading Asset Securities, Total	-	-	-	-	-
Total Cash And Short Term Investments	528M	732M	712M	1.05B	585M
Accounts Receivable, Total	1.82B	1.6B	2.29B	2.68B	2.26B
Other Receivables	228M	191M	257M	320M	291M
Total Receivables	2.05B	1.79B	2.55B	3B	2.55B
Inventory	1.18B	979M	1.62B	1.77B	1.38B
Prepaid Expenses	35.6M	42.6M	63.5M	79.5M	91.9M
Other Current Assets, Total	2.4M	3.7M	13.7M	16.2M	5.1M
Total Current Assets	3.79B	3.55B	4.96B	5.92B	4.61B
Gross Property Plant And Equipment	2.59B	2.67B	3.01B	3.31B	3.6B
Accumulated Depreciation	-1.09B	-1.22B	-1.45B	-1.65B	-1.81B
Net Property Plant And Equipment	1.5B	1.46B	1.56B	1.66B	1.79B
Long-term Investments	5.8M	5M	5.8M	6.8M	7.4M
Goodwill	2.71B	2.56B	2.99B	3.11B	3.21B
Other Intangibles, Total	374M	373M	371M	348M	362M
Accounts Receivable Long-Term	-	-	-	-	-
Deferred Tax Assets Long-Term	62.9M	69.3M	131M	138M	134M
Other Long-Term Assets, Total	118M	130M	179M	193M	221M
Total Assets	8.56B	8.14B	10.2B	11.37B	10.34B
Liabilities
Accounts Payable, Total	1.04B	1.02B	1.48B	1.57B	1.37B
Accrued Expenses, Total	487M	546M	764M	777M	706M
Current Portion of Long-Term Debt	224M	152M	678M	320M	190M
Current Portion of Leases	100M	99.8M	112M	110M	123M
Current Income Taxes Payable	43.8M	47.6M	84.3M	97.6M	96.8M
Unearned Revenue Current, Total	500K	2.2M	2.4M	-	2.4M
Other Current Liabilities	188M	224M	410M	365M	535M
Total Current Liabilities	2.08B	2.09B	3.53B	3.24B	3.02B
Long-Term Debt	1.94B	1.49B	1.65B	2.34B	1.87B
Long-Term Leases	320M	327M	334M	324M	327M
Unearned Revenue Non Current	200K	100K	-	-	-
Pension & Other Post Retirement Benefits	189M	201M	183M	119M	134M
Deferred Tax Liability Non Current	196M	185M	225M	272M	298M
Other Non Current Liabilities	262M	238M	280M	275M	327M
Total Liabilities	4.99B	4.53B	6.2B	6.57B	5.98B
Common Stock, Total	154M	154M	154M	154M	148M
Additional Paid In Capital	1.49B	1.49B	1.49B	-	1B
Retained Earnings	1.81B	2.08B	2.28B	3.04B	3.42B
Treasury Stock	-	-	-	-	-250M
Comprehensive Income and Other	60M	-177M	-15M	1.56B	-14M
Total Common Equity	3.52B	3.55B	3.91B	4.75B	4.3B
Minority Interest	63.2M	61.9M	81.1M	50.2M	52M
Total Equity	3.58B	3.61B	4B	4.8B	4.36B
Total Liabilities And Equity	8.56B	8.14B	10.2B	11.37B	10.34B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	154M	154M	154M	154M	147M
ECS Total Common Shares Outstanding	154M	154M	154M	154M	147M
Book Value / Share	22.76	22.98	25.33	30.76	29.24
Tangible Book Value	432M	612M	555M	1.29B	732M
Tangible Book Value Per Share	2.79	3.96	3.59	8.37	4.97
Total Debt	2.58B	2.07B	2.78B	3.1B	2.51B
Net Debt	2.05B	1.33B	2.06B	2.04B	1.93B
Debt Equivalent of Unfunded Proj. Benefit Obligation	184M	180M	152M	84.9M	102M
Debt Equivalent Oper. Leases	266M	264M	419M	608M	466M
Minority Interest, Total (Incl. Fin. Div)	63.2M	61.9M	81.1M	50.2M	52M
Equity Method Investments, Total	4M	3.2M	4.1M	5.4M	6M
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	22.4M	17.6M	36.4M	44.4M	47.8M
Inventories - Work In Process, Total	1M	700K	1.8M	1.6M	1.6M
Inventories - Finished Goods, Total	1.15B	961M	1.58B	1.73B	1.33B
Land - (BS)	1.02B	1.01B	1.1B	1.17B	1.23B
Machinery, Total	1.06B	1.07B	1.21B	1.37B	1.54B
Full Time Employees	17.49K	17.24K	17.24K	17.54K	17.71K
Accumulated Allowance for Doubtful Accounts (Supple)	38.2M	37.6M	43.2M	56.1M	50.2M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	467M	466M	448M	887M	715M
Depreciation & Amortization - CF	243M	252M	258M	296M	319M
Amortization of Goodwill and Intangible Assets - (CF)	38.8M	31.9M	40.9M	54.9M	48.2M
Depreciation & Amortization, Total	281M	284M	299M	351M	367M
Amortization of Deferred Charges, Total - (CF)	10.2M	11.8M	18M	16.5M	15.8M
Minority Interest in Earnings - (CF)	700K	-400K	28.3M	7.6M	-26.4M
(Gain) Loss on Sale of Investments - (CF)	300K	-	-	-	-
Asset Writedown & Restructuring Costs	1.6M	1.8M	56.2M	38.8M	4.9M
Other Operating Activities, Total	-18.1M	29.4M	151M	11.5M	43.9M
Change In Accounts Receivable	93.9M	116M	-556M	-307M	436M
Change In Inventories	104M	116M	-506M	-94.1M	404M
Change In Accounts Payable	-	-	-	15.2M	-231M
Change in Other Net Operating Assets	-60.9M	194M	450M	30.1M	-65.2M
Cash from Operations	879M	1.22B	389M	957M	1.66B
Capital Expenditure	-204M	-199M	-199M	-267M	-321M
Sale of Property, Plant, and Equipment	12.5M	20.3M	8.8M	21.7M	31.6M
Cash Acquisitions	-195M	-46.4M	-420M	-157M	-277M
Divestitures	14.7M	1.2M	-	-	8.1M
Investment in Marketable and Equity Securities, Total	-500K	-100K	2.5M	800K	400K
Cash from Investing	-372M	-224M	-608M	-401M	-558M
Long-Term Debt Issued, Total	93.7M	45.9M	934M	808M	348M
Total Debt Issued	93.7M	45.9M	934M	808M	348M
Long-Term Debt Repaid, Total	-290M	-587M	-532M	-708M	-1.09B
Total Debt Repaid	-290M	-587M	-532M	-708M	-1.09B
Repurchase of Common Stock	-	-	-	-	-496M
Common Dividends Paid	-185M	-193M	-209M	-224M	-305M
Common & Preferred Stock Dividends Paid	-185M	-193M	-209M	-224M	-305M
Other Financing Activities, Total	-1.5M	-1.5M	-18.6M	-102M	-14.8M
Cash from Financing	-383M	-736M	174M	-226M	-1.55B
Foreign Exchange Rate Adjustments	2.8M	-53.3M	24.5M	13M	-22.4M
Miscellaneous Cash Flow Adjustments	-	-	-	-1.4M	1.4M
Net Change in Cash	126M	206M	-21.3M	341M	-469M
Supplemental Items
Cash Interest Paid	-	-	-	-	117M
Cash Income Tax Paid (Refund)	175M	156M	222M	345M	249M
Levered Free Cash Flow	494M	1.04B	49.7M	359M	1.42B
Unlevered Free Cash Flow	550M	1.08B	88.89M	426M	1.49B
Change In Net Working Capital	-19.4M	-534M	538M	548M	-739M
Net Debt Issued / Repaid	-196M	-541M	401M	99.8M	-738M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	5.39	5.26	5.31	7.96	6.21
Return on Total Capital	7.54	7.42	7.82	11.7	9.13
Return On Equity %	13.64	13.18	12.13	20.52	15.75
Return on Common Equity	13.74	13.2	12.01	20.46	15.79
Margin Analysis
Gross Profit Margin %	21.39	23.48	23.49	20.91	24.04
SG&A Margin	15.99	17.61	8.75	7.5	8.65
EBITDA Margin %	6.8	7.41	6.67	8.16	7.74
EBITA Margin %	5.77	6.24	5.7	7.35	6.7
EBIT Margin %	5.47	5.96	5.41	7.07	6.42
Income From Continuing Operations Margin %	3.66	4.02	3.21	4.64	4.29
Net Income Margin %	3.64	3.96	3.12	4.56	4.25
Net Avail. For Common Margin %	3.64	3.96	3.12	4.56	4.25
Normalized Net Income Margin	2.95	3.24	2.9	3.87	3.54
Levered Free Cash Flow Margin	3.85	8.8	0.35	1.85	8.45
Unlevered Free Cash Flow Margin	4.29	9.16	0.62	2.19	8.89
Asset Turnover
Asset Turnover	1.58	1.41	1.57	1.8	1.55
Fixed Assets Turnover	10.35	7.96	9.53	12.07	9.76
Receivables Turnover (Average Receivables)