Group Management Report
44
Products
77
Safety and Health
81
Environment
85
Human Resources
89
Social
Commitment
92
Consolidated Financial
Statements
95
Table of Contents
Letter from the Management Board
About This Report
Sustainability Management
Corporate Governance
Corporate Bodies and Management
Report of the Supervisory Board
Dialog with our Stakeholders
Group Management Report
Group Basics
Business Development
Innovation and Employees
Subsequent Events
Expected Developments
Products
Safety and Health
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 Financial Position
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
9
12
14
19
44
45
51
63
67
68
77
81
85
89
92
95
96
97
101
102
104
106
108
110
Legal Disclaimer
This Corporate Report is a translation of the Unternehmensbericht. 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 andinfor -
mation 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 2017
Key figures at a glance
2016 2017 %
in € million
Sales 2,075.3 2,247.0 8
Earnings before interest, taxes, depreciation and amortization (EBITDA) 453.0 470.0 4
EBITDA margin 21.8 % 20.9 %
Operating income (EBIT) 328.7 335.9 2
EBIT margin 15.8 % 14.9 %
Earnings before taxes (EBT) 299.8 306.0 2
EBT margin 14.4 % 13.6 %
Net income (EAT) 210.1 234.6 12
EAT margin 10.1 % 10.4 %
Research and development expenses 129.3 142.5 10
Capital expenditure on intangible assets and property, plant and equipment 122.1 188.0 54
Cash Flow from operating activities 376.7 302.3 - 20
Return on capital employed (ROCE) 11.6 % 11.3 %
ALTANA Value Added (AVA) 83.3 84.0 1
Dec. 31, 2016 Dec. 31, 2017 %
in € million
Total assets 3,053.9 3,147.7 3
Shareholders’ equity 2,082.2 2,214.2 6
Net debt (-) / Net financial assets (+) ¹ 25.7 (78.0) –
Headcount ² 5,967 6,186 4
¹ Comprises cash and cash equivalents, current financial assets, marketable securities, loans granted, debt, and employee benefit obligations.
² When in the following the term “headcount” or “employees” is used, it refers to all staff members, male, female, or otherwise.
Due to rounding, this Corporate Report may contain minor differences between single values, and sums or percentages.
2016 2017 %
WAI 1 (number of occupational accidents with lost work time of one day or more
per million working hours)
3.94 4.01 2
WAI 2 (number of occupational accidents with lost work time of more than three days
per million working hours)
2.52 3.06 21
WAI 3 (number of lost work days due to occupational accidents per million working hours) 38.21 54.58 43
CO² total (Scope 1 + Scope 2) ³ (t) 202,234 187,548 - 7
CO² specific (Scope 1 + Scope 2) ³ (kg / €) 0.24 0.21 - 13
³ Scope1: direct emissions; Scope 2: indirect emissions