Brenntag Posts Higher Earnings and Sales, Maintains Full-Year Forecast

Brenntag, the market leader in chemical distribution, posted a 4% hike in third-quarter 2011 operating Ebitda, to €167 million compared with the corresponding period of 2010 on sales up 10%, to €2.2 billion. Third-quarter earnings per share were €1.30, up 65% compared with the year-earlier period and profit after tax increased 54%, to €67 million. Gross profits increased 4%, to €445 million. All regions reported earnings growth except Europe, where Brenntag's quarterly operating Ebitda slipped 1%, to €75 million "against a...

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