Wesel, November 5, 2007
ALTANA continues its growth course
- Sales: plus 7 percent
- Earnings (EBITDA): plus 18 percent
- Outlook revised and increased
The specialty chemicals company ALTANA AG substantially increased sales and earnings in the first nine months of 2007 compared to the prior year. In the period from January until September, sales rose by 7% from €985.3 million to €1,053.8 million. Adjusted for negative exchange rate as well as minor positive acquisition effects, operating growth was 9%. Earnings before interest, taxes, depreciation and amortization (EBITDA) grew by 18% from €163.5 million to €192.1 million in the first nine months of 2007. All divisions contributed to the growth in earnings with significant growth rates. The EBITDA margin was 18.2%, despite additional costs due to the two-tier holding structure in Wesel and Bad Homburg, which was maintained until the middle of the year. Income before taxes (EBT) totaled €183.9 million (prior year: €102.5 million), comprising the extraordinary interest income in the amount of €55.3 million from the investment of the purchase price for ALTANA Pharma realized until the distribution of the dividend in May 2007.
Positive outlook for the business year 2007
On this basis, we have revised our previously given outlook and make an upward adjustment to our forecast as follows: We expect a higher single-digit growth in sales to a level of €1.37 to €1.40 billion and a clear double-digit growth in EBITDA to a level between €235 and €245 million. Income before taxes (EBT) is positively influenced by the extraordinary interest income of €55.3 million from the investment of the proceeds from the sale of ALTANA Pharma until the beginning of May 2007.
Key Figures January to September 2007
January to September 2007
January to September 20061
in € million
in € million
Earnings before interest, taxes, depreciation and amortization (EBITDA)
Operating income (EBIT)
Income before taxes (EBT)
Net income (EAT)1
Earnings per share (EPS)1 in €
Research and development expenses
Capital expenditure on intangible assets and property, plant and equipment
Headcount (September 30)
1 Figures relate to the continuing operations.
ALTANA develops and produces high-quality innovative products in the specialty chemicals business. The ALTANA Group, with headquarters in Wesel/Germany, is a genuine “global player” with 83% of its sales generated by international activities. The ALTANA Group has four divisions: BYK Additives & Instruments, ECKART Effect Pigments, ELANTAS Electrical Insulation, and ACTEGA Coatings & Sealants. All of these divisions occupy a leading position in their target markets with respect to quality, product solution expertise, innovation and service.
ALTANA offers innovative, environmentally compatible solutions with the matching specialty products for coating manufactures, paint and plastic processors, the printing and cosmetic industries, and the electrical and electronic industry. The product range includes additives, special coatings and adhesives, effect pigments, sealants and compounds, impregnating resins & varnishes, and testing and measuring instruments.
At present, the ALTANA Group has 31 production facilities and 45 service and research laboratories worldwide. Throughout the group 4,600 people work to ensure the success of ALTANA worldwide. In 2006 ALTANA achieved sales of about 1.3 billion euros. Its impressive earning power and high growth rate make ALTANA one of the most successful and innovative chemical groups worldwide.