Altana reports continued growth

Pigment & Resin Technology

ISSN: 0369-9420

Article publication date: 21 March 2008

Citation

(2008), "Altana reports continued growth", Pigment & Resin Technology, Vol. 37 No. 2. https://doi.org/10.1108/prt.2008.12937bab.010

Publisher

:

Emerald Group Publishing Limited

Copyright © 2008, Emerald Group Publishing Limited


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.