- Revenue reached EUR 15.2 billion with Operating EBITDA at EUR 1.29 billion, down 8.6%.
- Free Cash Flow increased to EUR 941 million, reflecting disciplined working capital management.
- Cost-out program delivered EUR 165 million savings in 2025, targeting EUR 300 million by 2027.
- Dividend proposed at EUR 1.90 per share, a 10% reduction from 2024.
Financial Performance
Brenntag reported 2025 revenue of EUR 15.2 billion, a 3.7% decrease from 2024. Operating EBITDA was EUR 1.29 billion, down 8.6%, while Operating EBITA reached EUR 929 million, a 12.6% decline. Despite challenging market conditions, the company increased its gross margin to 25.3% and improved Free Cash Flow to EUR 941 million, up 5.4%.
Cost Management
The company accelerated its cost-out program, achieving EUR 165 million in savings for 2025. Brenntag aims for EUR 300 million in annual savings by 2027, with an additional target of EUR 200-250 million in savings by 2027 based on the 2025 financials.
Divisional Performance
Brenntag Essentials reported an operating gross profit of EUR 2,733 million, a 1.2% decrease, but improved gross margins to 26.4%. Brenntag Specialties saw an operating gross profit of EUR 1,098 million, down 3.6%, yet increased its gross margin to 22.9%.
Future Outlook
The company expects 2026 Operating EBITDA to range between EUR 1,150 and 1,350 million amid subdued market conditions. A dividend of EUR 1.90 per share is proposed, reflecting a 10% reduction from 2024.
