Brenntag AG (BNTGF.PK) reported higher profit after tax of 279.3 million euros in 2011 compared with 146.6 million euros last year. Profit attributable to Brenntag shareholders amounted to 277.4 million euros, versus 143.6 million euros in 2010, with full-year earnings per share climbing to 5.39 euros from 2.93 euros a year ago.
Profit before tax in 2011 grew significantly to 419.5 million euros from prior year's 231.8 million euros, based on the strong operational development and supported by a significant decline in customer base amortization.
Sales for the full year were up 15.4% on constant exchange rates, and up 13.5% on a reported basis, to 8.68 billion euros from 7.65 billion euros in 2010, helped by higher selling prices and stronger volumes, partly due to acquisitions.
Anticipating a slower but nevertheless growing world economy and the continuation of the positive trends in the chemical distribution industry, excluding exchange rate effects Brenntag sees a continued positive earnings development in 2012.
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by RTT Staff Writer
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