ALTANA

Group Management Report

The 2017 fiscal year was successful for ALTANA. In an increasingly challenging market environment – primarily due to rising raw-materials prices – we were able to increase our sales significantly and our earnings slightly. Through acquisitions of business activities and promising technologies, as well as high investments in our core business, we paved the way for further profitable growth. Our excellent financial position will enable us to implement our growth strategy in the years to come by making the necessary investments.