Group Management Report
44
Products
76
Safety
80
Environment
84
Human Ressources
89
Social
Commitment
93
Consolidated Financial
Statements
97
Table of Contents
Letter from the Management Board
About This Report
Sustainability Management
Corporate Governance
Corporate Bodies and Management
Report of the Supervisory Board
Sustainability Incorporated
Group Management Report
Group Basics
Business Development
Innovation and Employees
Subsequent Events
Expected Developments
Products
Safety
Environment
Human Resources
Social Commitment
Consolidated Financial Statements
(condensed version)
Management Board Responsibility Statement
Independent Auditors’ Report
ALTANA Group Consolidated Income Statement
ALTANA Group Consolidated Statement of
Comprehensive Income
ALTANA Group Consolidated Statement of Financial Position
ALTANA Group Consolidated Statement of Changes
in Shareholders’ Equity
ALTANA Group Consolidated Statement of Cash Flows
Reference to the Notes to the Consolidated Financial Statements
Multi-Year Overview
Global Compact: Communication on Progress (COP)
1
6
7
10
12
14
19
44
45
51
63
67
67
76
80
84
89
93
97
98
99
100
101
102
104
106
108
110
112
Legal Disclaimer
This Annual and Sustainability Report is a translation of the Geschäfts- und Nachhaltigkeitsbericht. The
translation was prepared for convenience only. In case of any discrepancy between the German version and
the English translation, the German version shall prevail.
This report contains forward-looking statements, i. e. current estimates or expectations of future events or
future results. The statements are based on beliefs of ALTANA as well as assumptions made by andinformation
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
refl ect facts, circumstances or events that have occurred or changed after such statements have been made.
Group Profi le 2016
Key figures at a glance
2015 2016 %
in € million
Sales 2,059.3 2,075.3 1
Earnings before interest, taxes, depreciation and amortization (EBITDA) 390.9 453.0 16
EBITDA margin 19.0 % 21.8 %
Operating income (EBIT) 251.3 328.7 31
EBIT margin 12.2 % 15.8 %
Earnings before taxes (EBT) 227.8 299.8 32
EBT margin 11.1 % 14.4 %
Net income (EAT) 158.0 210.1 33
EAT margin 7.7 % 10.1 %
Research and development expenses 128.1 129.3 1
Capital expenditure on intangible assets and property, plant and equipment 85.6 122.1 43
Cash Flow from operating activities 346.1 376.7 9
Return on capital employed (ROCE) 10.1 % 11.6 %
ALTANA Value Added (AVA) 49.2 83.3 69
Dec. 31, 2015 Dec. 31, 2016 %
in € million
Total assets 2,964.5 3,053.9 3
Shareholders’ equity 1,935.6 2,082.2 8
Net debt (-) / Net financial assets (+) ¹ (114.2) 25.7 N / A
Headcount 6,096 5,967 - 2
¹ Comprises cash and cash equivalents, short-term financial assets, marketable securities, debt, and employee benefit obligations.
Due to rounding, this Annual and Sustainability Report may contain minor differences between single values, and sums or percentages.