German Brenntag's 2012 net profit up 21% to €336.2m

21 March 2013 06:42  [Source: ICIS news]

SINGAPORE (ICIS)--German chemicals distributor Brenntag posted on Thursday a 21% year-on-year rise in its full-year 2012 net profit to €336.2m ($436.6m), partly buoyed by a surge in operating earnings in the Asia-Pacific.

The firm’s overall sales rose by 12% year on year to €9.69bn in 2012, while operating earnings before interest, tax, depreciation, amortisation (EBITDA) was up by 6.9% at €706.6m, it said in a statement.

Brenntag’s operating EBITDA in the Asia-Pacific rose by 34% year on year to €49.4m in 2012, as sales surged by 70% to €707.6m.

“Brenntag believes to be extremely well-positioned to overcome the challenging market conditions once again in 2013,”  the company said.

“The company is looking to the future with confidence and is forecasting growth in all relevant performance indicators,” it added.

($1 = €0.77)

By: Nurluqman Suratman

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