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Despite persistently challenging market conditions, 2025 was a successful year for ALTANA overall. Sales of our products increased slightly compared with the strong prior-year figures, although we did not fully achieve the projected operational sales growth. Earnings before interest, taxes, depreciation and amortization (EBITDA) in absolute terms rose compared with the previous year, as expected, in the mid-single-digit percentage range. Profitability exceeded the prior-year figure and our 2025 plan, driven by one-off special effects and a favorable cost development. As anticipated, the long-term target margin has not yet been fully achieved.
Thanks to our ongoing solid financial position, we continued to invest in the future in 2025. We expanded our production sites, advanced digitalization, and carried on with the integration of the companies acquired in the previous two years. We also further increased our spending on research and development in 2025. Our ambitious and long-term goals in the area of occupational safety were consistently pursued, and our climate targets were further developed in line with the Science Based Targets initiative (SBTi).