Brenntag Reports Higher Profits and Sales; Reconfirms Full-Year Earnings Guidance

Brenntag posted a 15% increase in third-quarter 2010 gross profits compared with the same period of 2009, to €430 million on sales up 25%, to €2 billion. Operating Ebitda rose 17%, to €160 million. Brenntag says it achieved "exceptional growth rates" in Asia/Pacific and that North America provided "excellent results." Europe, meanwhile, saw a "positive development." The figures reflect improvement in the global economy, as well as restructuring by Brenntag and the inclusion of acquisitions, the company says. "The...

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