Emerald Group Publishing Limited
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Altana reports continued growth
Article Type: Industry news From: Pigment
The specialty chemicals company ALTANA AG substantially increased sales and earnings in the first nine months of 2007 compared to the prior year. In the period from January until September, sales rose by 7 percent from e985.3 to 1,053.8 million. Adjusted for negative exchange rate as well as minor positive acquisition effects, operating growth was 9 percent. Earnings before interest, taxes, depreciation and amortization (EBITDA) grew by 18 percent from e163.5 to 192.1 million in the first nine months of 2007. All divisions contributed to the growth in earnings with significant growth rates.