Flexible Electronics News

ALTANA Reports 1H 2019 Results

ALTANA is below the strong level of the previous year in a challenging environment, with sales down 4% to €1,154 million.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

ALTANA did not reach the strong level of the previous year in the first half of 2019. Due to continued sluggish demand in key industrial sectors, in particular the automotive industry, and the general economic slowdown, particularly in China, sales decreased by 4% to €1,154 million in the first six months of this year.    Adjusted for positive exchange-rate effects, the decline was 6%. Earnings before interest, taxes, depreciation and amortization (EBITDA) reached €221 million, 12% down on the p...

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