Industry News

Global Economic Crisis Burdens ALTANA

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By: DAVID SAVASTANO

Editor, Ink World Magazine

ALTANA is strongly affected by the worldwide economic crisis and reports significant decreases in sales and earnings. In the first quarter of 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 percent from €71.7 million in 2008 to €20.8 million. As a consequence, the EBITDA margin was down to 8.3 percent and is therefore significantly lower ...

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