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Brenntag reports higher profits and sales, despite challenging conditions

6:27 AM MST | November 7, 2012 | Ian Young

Brenntag reported a 19% increase in profit after tax for the third quarter of 2012 compared with the same period of last year, to €80 million, on sales up 11.5%, to €2.47 billion. Operating Ebitda edged up slightly, to €168 million, and gross profit increased 11%, to €493 million. Earnings per share were up 18%, to €1.53. "The development of our gross profit in the third quarter was achieved under challenging market conditions around the world," Brenntag CEO Steven Holland says. The improved results were also helped by...

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