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Brenntag's earnings fall on weak economy

11:51 AM MDT | May 8, 2013 | Ian Young

Brenntag reports a 12% drop in first-quarter profit after tax compared with the same period of 2012, to almost €70 million ($92 million), on sales up 1.4%, to €2.4 billion. Gross profit edged up 0.6% year-on-year (YOY), to €478 million, but operating Ebitda declined 4%, to €165 million. The results reflect "a challenging global economic situation," Brenntag says. Brenntag's operating Ebitda declined 6.2% YOY in Europe during the first quarter, to €76 million, on sales up slightly, to €1.15 billion. Operating Ebitda...

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