Acquisitions Buoy Brenntag's First-Quarter Earnings

Brenntag, the global market leader in chemical distribution, reported a 19% increase in first-quarter 2012 profits after tax, to €79 million on sales up 12%, to €2.4 billion. Operating Ebitda increased 8.5%, to €171.5 million and gross profits grew 9%, to €475 million. Earnings per share were up 18.5%, to €1.54. Higher earnings reflect a combination of organic growth and acquisitions made in 2011, the company says. The results were achieved "against the background of the somewhat volatile macroeconomic environment and a generally...

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