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Upturn in Europe, North America boosts Brenntag's earnings

1:10 PM MDT | May 7, 2014 | Ian Young

Brenntag posted a 3% increase in profit after tax for the first quarter, to €72 million, on sales down slightly, to €2.42 billion. Gross profit increased 1% year-on-year (YOY), to €484 million, and operating Ebitda decreased slightly, to €164 million. Brenntag's operating Ebitda in Europe, the company's biggest market, increased almost 10% YOY in the first quarter, to €83 million, on sales up 2%, to €1.20 billion. Operating Ebitda in North America decreased 2% YOY, to €68 million, on sales up 2%, to €772 million. Results...

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