Brenntag reports higher 2012 earnings and sales

Brenntag posted a 21% increase in 2012 profit after taxes, to €338 million ($436 million), on sales up 12%, to €9.7 billion. Operating Ebitda grew 7%, to €707 million, and gross profits rose 9%, to €1.9 billion. Fourth-quarter figures were not disclosed. The "significant result increases" were achieved "against a demanding macroeconimic environment," Brenntag says. "This positive earnings performance can be attributed to Brenntag's resilient business model as well as the flexible adjustment to the more difficult...

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