Industry News

ALTANA Continues on Its Growth Course

Healthy top line growth in the first six months of the year, but high raw materials costs burden margin

Author Image

By: DAVID SAVASTANO

Editor, Ink World Magazine

ALTANA AG continued its growth course over the first six months of the current business year. Compared to the first half of 2010, the company was able to increase its sales by 9%, up from €773.1 million to €840.3 million. However, sharply rising raw materials costs which can only be passed on to customers with a certain time lag burden the company’s profit. Earnings before interest, taxes, depreciation and amortization (EBITDA) grew less strongly by 1% to €172.9 million, compared to €1...

Continue reading this story and get 24/7 access to Ink World magazine for FREE


Already a subscriber? Sign in

Keep Up With Our Content. Subscribe To Ink World magazine Newsletters