The financial result was € - 7.2 million, an improvement over
2017 (€ - 8.6 million). The background for the improvement
was lower interest expenses resulting from the repayment of
promissory notes. On the other hand, the result of companies
accounted for using the at-equity method worsened, from
€ - 21.3 million in the previous year to € - 24.5 million in
the 2018 fiscal year. This decline is due to the fact that the
Israeli Landa Corp. recorded higher losses for the year.
The company’s 2018 fiscal year was burdened by the planned
higher expenditure in the course of preparations for the
broad-based market introduction of future digital-printing
solutions.
Earnings before taxes (EBT) dropped to € 264.1 million
(previous year: € 306.0 million), and net income (EAT) to
€ 187.0 million (previous year: € 234.6 million). Despite the
earnings decline, income tax surpassed the previous year’s
level. This is mainly due to the inclusion in the consolidated
financial statements of the one-time positive special effect
totaling € 20 million from the tax reform in the U.S. in the
previous year.
Asset and Financial Situation
Capital Expenditure
Capital expenditure by division
1
2
3
4
12.6 %
12.1 %
63.5 %
5 1.5 % 10.3 %
in € million 2017 2018 Δ %
1 BYK 58.3 118.8 104
2 ECKART 17.1 23.5 38
3 ELANTAS 13.8 22.7 64
4 ACTEGA 96.9 19.2 - 80
5 Holding 1.9 2.8 45
Total 188.0 187.0 - 1
In the past fiscal year, ALTANA invested a total of € 187.0 million
in intangible assets and property, plant and equipment.
As a consequence, the capital expenditure was at the same
high level as in the previous year (€ 188.0 million), which
Capital expenditure ALTANA
Group (in € million)
32 58
2014 90
2015 86
2016 122
2017 188
2018 187
Germany Abroad
131 57
44 42
51 71
72 115
60 Business Development