IHS Chemical Week

Brenntag's earnings fall on weak economy

11:33 AM MDT | May 8, 2013

Brenntag reported a 12% drop in first-quarter profit after tax compared with the same period of 2012, to almost €70 million, on sales up 1.4%, to €2.4 billion. Gross profit edged up 0.6% year-on-year, to €478 million but operating Ebitda declined 4%, to €165 million. The results reflect "a challenging global economic situation," Brenntag says. Brenntag's operating Ebitda declined 6.2% year-on-year in Europe during the first quarter, to €76 million on sales up slightly, to €1.15 billion. Operating Ebitda fell 5.8% in North America, to just under €70...

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