Group Management Report
For ALTANA, 2018 had different dynamics in the course
of the year. While the first half of the year was characterized
subdued. In addition, accelerated raw-materials prices
led to a significantly higher materials cost ratio in
the course of the year and thus to a decline in earnings.
Nevertheless, we reached our growth targets overall in
the 2018 fiscal year and the profitability was within our
strategic target range. At the same time, we invested
unabatedly in further sustainable profitable growth and
pushed forward our strategic growth initiatives.
47
53
66
70
71
by ongoing dynamic growth, the demand situation
in the second half of the year was increasingly
Group Basics
Business Development
Innovation and Employees
Subsequent Events
Expected Developments
