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Brenntag posts lower second-quarter earnings, full-year target below estimates

5:01 AM MDT | August 7, 2013 | Ian Young

Brenntag posted lower second-quarter profits, and announced full-year earnings guidance that fell short of analysts' expectations. The company reported a 15% decline in profit after tax for the second quarter of 2013 compared with the corresponding period of 2012, to €69 million, on sales up 2%, to €2.5 billion. Operating Ebitda declined 8% year-on-year (YOY), to €169 million and gross profit increased 3%, to €502 million. The operating Ebitda figure includes a nonrecurring provision of about €17 million for an antitrust fine imposed on...

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