Brenntag has posted a 2010 post-tax profit of €146.6m compared to the previous year's figure of €0.5m. This was achieved from sales totalling €7.6bn, up 20.2 per cent on the €6.4bn recorded 12 months ago. Over the same period, gross profit rose 12.1 per cent from just under €1.5bn to more than €1.6bn while operating EBITDA increased by 25.5 per cent from €480.3m to €602.6m, exceeding the company's guidance range of between €570m and €600m. "Compared with 2009, Brenntag achieved significant growth rates in all key performance indicators," the company states. "Drivers were the organic growth of the operating business combined with increased efficiencies and an improved capital structure as well as the earnings contribution of acquisitions." "We are looking back at a very successful year 2010 when we could further strengthen our global number one position in the chemical distribution industry," says outgoing CEO Stephen Clark. "The excellent results in all key performance indicators in financial year 2010 demonstrate the sustainability of our strategy and the quality of the services our entire team delivers. Both of which will be further pursued under Brenntag's designated CEO Steven Holland."
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