BRENNTAG SE - Dividend increases to EUR 0.90 per share (+3.8% on previous year)
- Supervisory Board elections: Stefanie Berlinger replaces Stephen Clark
Brenntag (WKN A1DAHH), the global market leader in chemical distribution, today presented the results of a strong 2014 financial year at its annual General Shareholders' Meeting held in Düsseldorf. The Chairman of the Board of Management, Steven Holland, informed Brenntag's shareholders that the Group had reached all-time highs for its gross profit and operating EBITDA key performance indicators. He was satisfied with the Group's positive business performance, and especially with the growth in operating gross profit, to which all of the Group's regions contributed.
In the first quarter of 2015, Brenntag maintained its course of growth. On these solid foundations, and supported by the macroeconomic environment for the current financial year, the company expects further growth in each of its regions.
The General Shareholders' Meeting resolved to distribute a higher dividend than in the previous year, in the amount of EUR 0.90 per share (+3.8%). The payout ratio amounts to 41.0% of the net result attributable to Brenntag shareholders.
A key item on the agenda of the General Shareholders' Meeting was the elections to the Supervisory Board. The shareholders voted to renew the positions of existing members Stefan Zuschke, Dr Thomas Ludwig, Prof. Dr Edgar Fluri, Doreen Nowotne and Dr Andreas Rittstieg. Stefanie Berlinger was also elected to the six-member Supervisory Board for the first time. She replaces Stephen Clark, who retired from the committee at the end of the General Shareholders' Meeting.
In his speech, the Chairman of the Supervisory Board, Stefan Zuschke, thanked Stephen Clark for his service: "Stephen Clark and Brenntag have been inseparably linked with one another since 1981. His comprehensive industry expertise as well as his knowledge of the Brenntag Group were extremely valuable for us. With his international experience and well-founded knowledge of the chemical distribution industry's business, Stephen Clark made an important contribution towards the effective monitoring of the company by the Supervisory Board. On behalf of the Supervisory Board as a whole, the Board of Management and also Brenntag's employees, I would like to express my sincere thanks for his outstanding service and for his extraordinary dedication to Brenntag."
About Brenntag:
Brenntag, the global market leader in chemical distribution, covers all major markets with its extensive product and service portfolio. Headquartered in Mülheim an der Ruhr, Germany, the company operates a global network with more than 490 locations in 72 countries. In 2014, the company, which has a global workforce of more than 13,500, generated sales of EUR 10.0 billion (USD 13.3 billion). Brenntag connects chemical manufacturers and chemical users. The company supports its customers and suppliers with tailor-made distribution solutions for industrial and specialty chemicals. With over 10,000 products and a world-class supplier base, Brenntag offers one-stop-shop solutions to around 170,000 customers. This includes specific application technology, an extensive technical support and value-added services such as just-in-time delivery, product mixing, formulation, repackaging, inventory management and drum return handling. Long-standing experience and local excellence in the individual countries characterize the global market leader for chemical distribution.
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