Brenntag (ISIN DE000A1DAHH0), the global market leader in chemicals and ingredients distribution, held its General Shareholders' Meeting on June 9, 2022. As in the previous two years, the meeting took place as a virtual event due to the ongoing constraints of the COVID-19 pandemic. Christian Kohlpaintner, Chief Executive Officer Brenntag SE, and Kristin Neumann, Chief Financial Officer Brenntag SE, presented the highlights of the financial year 2021 as well as for the first months of 2022, emphasizing the strong performance in the two most important key figures, operating gross profit, and operating EBITDA. The management also provided an overview of the comprehensive transformation program “Project Brenntag” and the progress achieved so far.
With an attendance rate of 80%, the General Shareholders' Meeting voted in favor of a dividend of 1.45 EUR per share. Thus, Brenntag has increased its dividend payments each year since its IPO in 2010. The payout ratio is around 50% of the net profit attributable to Brenntag shareholders and 224,025,000.00 EUR will be paid in total.
Wijnand P. Donkers and Ulrich M. Harnacke have been reelected to serve on the Supervisory Board of Brenntag SE until 2026. Wijnand P. Donkers is an independent management consultant and senior advisor of the Cerberus Capital Management LLC, New York, USA, as well as managing partner of the Horizon D. Capital BV. Ulrich M. Harnacke is a chartered accountant and tax consultant, independent business consultant as well as business consultant to Rhodion Advisors GmbH. Both serve on the Supervisory Board of Brenntag since 2017.
The General Shareholders’ Meeting also approved all motions proposed by the Management Board and the Supervisory Board by a large majority.