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Brenntag posts higher second-quarter profits, forecasts full-year earnings increase

5:44 AM MDT | August 7, 2014 | Ian Young

Brenntag posted second-quarter profit after tax of €81 million, up 17% compared with the corresponding period of last year, on sales down almost 2%, to €2.5 billion. Gross profit was flat year-on-year (YOY) at €502 million. Operating Ebitda increased 4% YOY, to €177 million in the second quarter and Brenntag forecasts an increase in operating Ebitda for the full year. "We continue to see modest signs of recovery in our largest regions of Europe and North America, and ongoing challenges in both Latin America and Asia/Pacific, which are in...

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