Brenntag stays bullish

Brenntag has announced a second-quarter post-tax profit of €81.4m, up 20.4% year-on-year. Revenues came in at just under €2.5bn, up 14.6% from the €2.3bn achieved 12 months ago. "Brenntag operates successfully even in the current challenging economic conditions," says CEO Steven Holland. "A balance of organic growth, including efficiency gains and acquisitions has placed our highly diversified group in a strong position to weather the current worldwide economic challenges, which for some regions became more pronounced in the course of 2012. Once again we achieved an increase in the results also in the second quarter."