Altana: Sales Increase in the First Half of 2012
The specialty chemicals Group Altana AG, Wesel, Germany, was able to further increase sales and operating earnings over the first six months of the current business year. Compared to the strong first half of 2011, the company’s sales rose by 5%, up from EUR 840.3 million to EUR 886.4 million. Adjusted for positive exchange rate as well as acquisition effects, sales came close to the prior-year level.
Slightly declining volumes were offset by price increases and product-mix effects. Earnings before interest, taxes, depreciation and amortization (EBITDA) improved by 4% to EUR 179.6 million, compared to EUR 172.9 million in the prior-year period. At 20.3%, the EBITDA margin remained at a similarly high level as in the first six months of 2011 (20.6%). At EUR 127.1 million, earnings before taxes (EBT) also remained at the prior-year level (EUR 127.0 million).
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