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Europe, North America boost Brenntag’s earnings

3:58 PM MDT | May 12, 2014

Brenntag has posted a 3% increase in profit after tax for the first quarter, to €72 million ($100 million), on sales down slightly, to €2.42 billion. Gross profit increased 1% year-on-year (YOY), to €484 million, and operating Ebitda decreased slightly, to €164 million. Brenntag’s operating Ebitda in Europe, the company’s biggest market, increased almost 10% YOY in the first quarter, to €83 million, on sales up 2%, to €1.20 billion. Operating Ebitda in North America decreased 2% YOY, to €68 million, on sales up 2%, to €772 million. Results...

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