Altana AG
ALTANA reports sales increase in the first half of 2012
Altana AG / Key word(s): Half Year Results ALTANA reports sales increase in the first half of 2012 – Sales rise by 5% in the first six months of the year – Sound business development in an increasingly uncertain economic environment Wesel, August 8, 2012. The specialty chemicals Group ALTANA AG was able to further increase sales and operating earnings over the first six months of the current business year. Compared to the strong first half of 2011, ALTANA's sales rose by 5%, up from EUR840.3 million to EUR886.4 million. Adjusted for positive exchange rate as well as acquisition effects, sales came close to the prior-year level. Slightly declining volumes were offset by price increases and product-mix effects. Earnings before interest, taxes, depreciation and amortization (EBITDA) improved by 4% to EUR179.6 million, compared to EUR172.9 million in the prior-year period. At 20.3%, the EBITDA margin remained at a similarly high level as in the first six months of 2011 (20.6%). At EUR127.1 million, earnings before taxes (EBT) also remained at the healthy prior-year level (EUR127.0 million).
Development by division and region The regional sales development within the ALTANA Group was rather heterogeneous. Sales in North and South America were significantly increased by 11% compared to the first six months of 2011. This was attributable to the dynamic regional rise in demand as well as to positive exchange rate effects. The increase in sales of 4% in Europe resulted from acquisition effects, while the economic environment increasingly burdened the development of the company's business. In Asia, the hitherto sluggish development of demand led to a purely exchange-rate driven increase in sales of 3%. 'ALTANA is looking back on quite a successful first half of 2012. Despite the difficult overall economic conditions, we were able to further increase sales and EBITDA compared to the strong prior-year figures,' stated Dr. Matthias L. Wolfgruber, CEO of ALTANA AG. 'Based on our clear focus on innovative specialties and our flexible business model we are confident that we remain able to operate successfully even under ongoing uncertain and volatile market conditions.'
Outlook
This press release contains forward-looking statements, i.e. current estimates or expectations of future events or future results. These statements are based on beliefs of ALTANA as well as assumptions made by and information currently available to ALTANA. Forward-looking statements speak only as of the date they are made. ALTANA does not intend, and does not assume any obligation, to update forward-looking statements to reflect facts, circumstances or events that have occurred or changed after such statements have been made.
About ALTANA: ALTANA offers innovative, environmentally compatible solutions with the matching specialty products for coating manufactures, paint and plastics processors, the printing and cosmetic industries, and the electrical and electronics industry. The product range includes additives, special coatings and adhesives, effect pigments, sealants and compounds, impregnating resins and varnishes, and testing and measuring instruments. At present, the ALTANA Group has 41 production facilities and more than 50 service and research laboratories worldwide. Throughout the group over 5,300 people work to ensure the success of ALTANA worldwide. In 2011, ALTANA achieved sales of more than 1.6 billion euros. Its impressive earning power and high growth rate make ALTANA one of the most successful and innovative chemical groups worldwide.
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180844 08.08.2012 |