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Brenntag Posts Higher Profits and Sales

4:59 AM MDT | May 11, 2011 | Ian Young

Brenntag posted a 15% increase in first-quarter 2011 gross profit compared with the same period of 2010, to €434 million on sales up 23%, to €2.1 billion. Ebitda increased 18% year on year, to €158 million. Profit after tax soared to €67 million from €2 million, due mainly to decreased finance costs after redemption of debt last year and significantly lower amortization. The improvement was driven by organic growth, efficient cost structures, and the first-time contribution of Asian business EAC Industrial Ingredients, which Brenntag...

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