Industry News

Global Economic Crisis Burdens ALTANA

Sales, EBITDA fall in 1Q 2009

Author Image

By: DAVID SAVASTANO

Editor, Ink World Magazine

The specialty chemicals group ALTANA is strongly affected by the worldwide economic crisis and reports significant decreases in sales and earnings. In the first quarter of the business year 2009, sales fell by 30 percent to €251.8 million; in the prior-year period sales had amounted to €357.6 million. Earnings before interest, taxes, depreciation and amortization (EBITDA) decreased by 71% from €71.7 million in 2008 to €20.8 million. As a consequence, the EBITDA margin was down to 8.3 percent an...

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