Germany’s Brenntag 2011 profit surges on sales, volume

21 February 2012 06:39  [Source: ICIS news]

SINGAPORE (ICIS)--Brenntag posted a surge in its profit after tax for the full year 2011 to €279.3m ($367.5m) from €146.6m in the previous year on the back of higher sales and strong volumes, the German chemical distributor said on Tuesday.

Sales in 2011 increased by 13.5% year on year to €8.7bn on higher selling prices and stronger volumes, Brenntag said in a statement.

Brenntag’s operating earnings before interest, tax, depreciation and amortisation (EBITDA) grew by 9.7% year on year to €660.9m in 2011, it added.

“With the expectation of a slower but nevertheless growing world economy and the continuation of the positive trends in the chemical distribution industry, excluding exchange rate effects, Brenntag expects a continued positive earnings development in 2012,” it said.

($1 = €0.76)

By: Samuel Wong

AddThis Social Bookmark Button

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly

Get access to breaking chemical news as it happens.
ICIS Global Petrochemical Index (IPEX)
ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index