Business year 2009: ALTANA noticeably affected by the crisis despite strong rebound in the second half of the year
The BYK Additives & Instruments division achieved sales of €420 million in 2009, corresponding to a decrease of about 7% on the prior year. In the ECKART Effect Pigments division, sales dropped by 20% from €351 million in 2008 to €282 million in 2009. Sales in the ELANTAS Electrical Insulation division in 2009 amounted to €273 million; this is a decrease of 16% compared to 2008 (€327 million). ACTEGA Coatings & Sealants achieved sales of €207 million in 2009, which is only slightly below the 2008 figure (€214 million). EBITDA margin just under the prior year due to resolute countermeasures
On account of the decline in sales, preliminary earnings before interest, taxes, depreciation and amortization (EBITDA) in the business year 2009 decreased by 16% to €204 million. At 17.3% (prior year: 18.1%), the EBITDA margin was down by only about 1 percentage point. This was mainly due to the immediate and comprehensively taken countermeasures to reduce costs and increase efficiency, which led to savings of about €55 million in the past business year.
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