ALTANA AG substantially increased sales and earnings in the first half of 2007 compared to the previous year. Sales increased by 7 percent, rising from €659 million to €705.7 million.
The growth in sales was particularly strong in Europe (10 percent) and Asia (8 percent). Earnings before interest, taxes, depreciation and amortization (EBITDA) grew by 22 percent from €103.1 million to €125.2 million, based on double-digit earnings increases in all divisions. The EBITDA margin was 17.7 percent.
Sales in the largest division, BYK Additives & Instruments, climbed €229.6 million, an increase of 7 percent. EBITDA was up 10 percent to €70.5 million.
ECKART Effect Pigments posted an increase of 8 percent, with sales rising from €165.7 million to €178.9 million. EBITDA grew significantly €43.9 million, up by 29 percent. ACTEGA Coatings & Sealants improved sales by 2 percent, generating €114.3 million.
“In the first half-year of our new group structure as a pure specialty chemicals company we have demonstrated a very satisfying development and were able to increase sales and earnings substantially,” stated Dr. Matthias Wolfgruber, CEO of ALTANA AG. “We have thus successfully lived up to the confidence placed in us by the capital markets and the general public after the new start of ALTANA and we are well positioned to continue our path of profitable growth into the future.”