Brenntag reports good earnings growth for Q1
Gross profit grew by 7.4% in first quarter
Brenntag has reported good growth for the first quarter of 2012, with growth profit rising by 7.4% to €475m. There was also an increase in operating EBITDA of 6.3% to €171.5m based on constant exchange rates.
Earnings development was supported by organic growth as well as through the contribution of acquisitions made in 2011, especially the Multisol group in Europe and the Zhong Yung Group in China.
The company says it expects further growth in all relevant earnings parameters for the rest of 2012.