Brenntag Reports Higher Earnings and Sales

Brenntag reported a more than 90% increase in 2011 profits after tax, to €279 million on sales up 13.5%, to €8.7 billion. Earnings per share increased 84%, to €5.39. Gross profit increased 8%, to €1.8 billion and operating Ebitda grew 10%, to €661 million. The results are based on "preliminary, unaudited numbers," Brenntag says. Fourth-quarter figures were not disclosed. Higher earnings and sales were driven by organic growth, increased efficiencies, and an improved financing mix--following a refinancing in July 2011--and the...

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