“Our first half-year performance provides impressive confirmation that we are on the way to achieving our ambitious growth goals set for the whole of 2006,” said Dr. Nikolaus Schweickart, president and CEO of ALTANA AG.
ALTANA Chemie AG achieved sales of €659 million ($827 million) in the first six months of 2006. This represents a 56 percent increase on the prior year’s figure. Adjusted for exchange rate as well as acquisition and divestment effects, ALTANA Chemie achieved an operating growth of 10 percent.
Sales increases were achieved in all regions. Due to acquisitions, the regions of North and Latin America achieved the strongest growth: sales were up 100 percent to €135 million ($170 million) in North America; in Latin America sales rose by 66 percent. Thanks in particular to the revival in demand in China, business in Asia was up by 52 percent to €150 million ($188 million). Sales in Europe (excluding Germany) were up by 33 percent on the prior year to €209 million ($262 million). Sales in Germany were up by 78 percent to €112 million ($141 million).
All divisions of ALTANA Chemie contributed to the good first-half results with double-digit growth in sales. Sales in the largest division, Additives & Instruments climbed by 16 percent to €214 million ($269 million). Effect Pigments (ECKART), the new division consolidated as of Oct. 1, 2005, contributed €166 million ($208 million) in the first six months of 2006. The Coatings & Sealants division reported a mainly acquisition-driven increase in sales of 26 percent to €111 million ($139 million).