Despite general economic difficulties experienced in 2002, Brenntag AG succeeded once again in surpassing prior year’s results. The company was also able to strengthen its market positions in Europe and South America through take-overs and strategic cooperation agreements.
Brenntag, the Chemicals Division of Stinnes AG, was able to increase its earnings before interest and taxes by 7.4 % to 164.4 million Euros. Compared with the figures achieved last year, the internal operating profit grew by 23.7 % to 127.6 million euros. Both these performance indicators are adjusted for the formation of considerable provisions to cover stock options.
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