Industry News

Business Year 2008: ALTANA Achieves Margin Target Despite Sharp Business Decline in the Fourth Quarter

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By: DAVID SAVASTANO

Editor, Ink World Magazine

The specialty chemicals Group ALTANA AG achieved sales of €1,342 million in the business year 2008, which is about €38 million or 3% less than the prior year (€1,380 million). Adjusted for negative exchange rate effects as well as minor positive acquisition and divestment effects, the operating sales decrease was 2%. Due to the effects of the worldwide economic crisis, particularly in the fourth quarter, sales in all regions declined in comparison to the prior year. Asia reported a slight sales ...

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