back to top
My wish lists
Save your wish list
If you want to add more content to your wish list, simply log in. If you do not have a user account, please register for the Hanser Customer Center.

» Do you already have a user account? Please log in here.
» Don't have a user account yet? Please register here.
Your wish lists
If you want to use your wish list during your next visit, simply log in. If you do not have a user account, please register for the Hanser Customer Center.
» Do you already have a user account? Please log in here.
» Don't have a user account yet? Please register here.

« Back

Your advantages at a glance

  • One login for all Hanser portals
  • Individual home page for faster access to preferred content
  • Exclusive access to selected content
  • Personal wish lists on all portals
  • Central management of your personal information and newsletter subscriptions

Register now
Deutsch
Bookmark Bookmarked
05-07-2009

Altana: Strongly Affected by Economic Crisis

The specialty chemicals Group Altana AG, Wesel, Germany, is strongly affected by the worldwide economic crisis and reports significant decreases in sales and earnings. In the first quarter of the business year 2009, sales fell by 30% to EUR 251.8 million (prior-year period: EUR 357.6 million). Earnings before interest, taxes, depreciation and amortization (EBITDA) decreased by 71% from EUR 71.7 million in 2008 to EUR 20.8 million. As a consequence, the EBITDA margin was down to 8.3% and is therefore significantly lower than the prior-year figure of 20.1%.

Sales figures dropped severely in the divisions Byk Additives & Instruments, Eckart Effect Pigments and Elantas Electrical Insulation. Only in the Actega Coatings & Sealants division sales remained relatively stable.

Measures to improve efficiency and cut costs introduced by Altana comprise, among others, a reduction of personnel costs due to operational shutdown periods and short-time work, the postponement of investment measures and a worldwide qualified hiring freeze. In total, the estimated savings potential for 2009 amounts to approximately EUR 50 million; more than EUR 10 million were realized in the first quarter of the current business year.

Company profile

Altana AG

Abelstr. 43
DE 46483 Wesel
Tel.: 0281 670-8
Fax: 0281 670-376

Newsletter

Would you like to subscribe to our Newsletters on plastics technology and profit from the latest information?

Subscribe here

Subscribe here

Job Advertisements

Looking for a new challenge? Check out our jobs market!

Job Advertisements

Patents Stimulate Innovation

Patents encourage innovation: Stay on the ball with the latest innovations in the plastics industry in our patents section.

Patents