(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.
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