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ALTANA Bolsters Business with Acquisitions, Innovations in 1H 2023

Sales decrease by 11%, amounting to €1,393 million, with continued expansion through agreed acquisitions.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

ALTANA reported an 11% decline in sales to €1,393 million in the first half of 2023 as a result of the general economic deceleration. This is predominantly attributable to a decrease in demand across diverse industrial sectors. Earnings before interest, taxes, depreciation and amortization (EBITDA) reached €196 million, 27% below the previous year’s figure. In addition to lower sales volumes, this was ascribed to the persistent elevated material costs. The EBITDA margin stood at 14.1% (previo...

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