Brenntag 2011 earnings soared, growth seen in 2012

(marketwatch) -- German chemicals distributor Brenntag AG said Tuesday sales and earnings soared in 2011, primarily due to higher prices and volumes, as well as acquisitions, and the company projected growth in all relevant segments for 2012.

After-tax profit rose to EUR279.3 million in 2011, up 91% from a year earlier, with EUR277.4 million attributable to shareholders. In 2011, earnings per share jumped 84% to EUR5.39 versus EUR2.93 per share a year earlier. Revenue for the year was EUR8.68 billion, well over EUR7.65 billion a year earlier.

Despite a slowing global economy, industry trends indicate growth in all relevant segments in 2012.
"Brenntag is supported by its highly diversified business model, allowing for growth in various regions of the world," chief executive Steven Holland said in the release.

Brenntag is the global market leader in full-line chemical distribution. Linking chemical manufacturers and chemical users, Brenntag provides business-to-business distribution solutions for industrial and specialty chemicals globally. With over 10,000 products and a world-class supplier base, Brenntag offers one-stop-shop solutions to more than 160,000 customers. The value-added services include just-in-time delivery, product mixing, formulation, repackaging, inventory management, drum return handling as well as extensive technical support. Headquartered in Mulheim an der Ruhr, Germany, the company operates a global network with more than 400 locations in 68 countries.

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