My watch list  

ALTANA Accelerates Growth Momentum


The specialty chemicals Group ALTANA recorded a pleasing increase in both sales and earnings in the first half of the 2017 fiscal year. Compared to the previous year’s period, sales saw a significant rise of 9 percent to €1,160 million. Adjusted for acquisition and divestment as well as exchange-rate effects, sales grew by 6 percent. At €262 million, ALTANA’s earnings before interest, taxes, depreciation and amortization (EBITDA) improved by around 5 percent. At 22.6 percent, the EBITDA margin was slightly lower than the previous year’s figure (23.4 percent).

“The ALTANA Group’s growth momentum in the first of half of 2017 was significantly stronger than in the first six months of the previous year. The key driver is the high demand for our innovative products. Furthermore, the acquisitions that were carried out in the past months and strengthen our divisions also contributed to this growth,” said Martin Babilas, CEO of ALTANA AG. “Our innovative ability coupled with our acquisition strategy and, not least, our financial strength, constitute a solid foundation for further sustainable and profitable growth.”

ALTANA confirms its forecast for the full-year 2017, still anticipating operating sales growth of 2 to 5 percent with slightly lower earnings profitability. While the recent acquisitions are expected to provide additional momentum for nominal growth, it remains difficult to predict the effects resulting from rather volatile exchange rate developments.

BYK, ECKART, and ELANTAS on an expansion course

With growth rates of between 5 and 15 percent, the BYK Additives & Instruments, ECKART Effect Pigments, and ELANTAS Electrical Insulation divisions were clearly on an expansion course in the first half of 2017. The strongest growth was achieved by BYK, with an increase in sales of 15 percent in nominal terms to
€540 million. The division’s growth was considerably accelerated by the acquisitions of Addcomp in July 2016 and PolyAd Services in March 2017. BYK’s operating sales growth, i.e. sales growth adjusted for acquisition and divestment as well as exchange-rate effects, was at 9 percent. ECKART posted growth of 11 percent to €200 million. At 10 percent, the division’s operating growth was slightly lower. Both divisions benefitted, in particular, from the strong demand from the Chinese market.

The ELANTAS Electrical Insulation division, too, benefitted from the high demand from China and, in addition, from positive demand in Europe. Due to the higher volume, the division’s sales rose to €244 million, which represents a nominal increase of 5 percent on the previous year’s figure. Operating sales grew by 3 percent.

Sales in the ACTEGA Coatings & Sealants division in the first six months of 2017 amounted to €176 million, 3 percent down on the previous year’s figure. Adjusted for the impact of the sale of ACTEGA Colorchemie GmbH and its subsidiaries, ACTEGA’s sales were on a par with the previous year’s level.

Fastest pace of growth posted in Asia, particularly in China

The ALTANA Group generated its strongest sales growth in Asia, where sales rose by 15 percent to €372 million. In China, sales grew by as much as 23 percent to €198 million. Sales in the Americas increased by 10 percent to €325 million. In the U.S., sales were up by 13 percent to €229 million, mainly attributable to the acquisitions that were made in this region. Sales in Europe rose by 4 percent.

The ALTANA Group’s sales distribution according to regions continues to be balanced, with Europe accounting for 38 percent of total sales, Asia for 32 percent, and the Americas for 28 percent.

At the end of the first half of 2017, the ALTANA Group employed 6,139 people. As of June 30, 2016, the number of employees was 5,896.

Facts, background information, dossiers
  • Altana
  • half-year reports
More about Altana
  • News

    ALTANA below the strong level of the previous year in a challenging environment

    The specialty chemicals group ALTANA did not reach the strong level of the previous year in the first half of 2019. Due to continued sluggish demand in key industrial sectors, in particular the automotive industry, and the general economic slowdown, particularly in China, sales decreased by ... more

    ALTANA acquires business from the Paul N. Gardner Company

    The specialty chemicals group ALTANA has acquired the operating assets of the Paul N. Gardner Company Inc. of Pompano Beach FL, USA. Within the ALTANA Group, the business will be integrated into the Instruments Business Line of the BYK Division (BYK-Gardner), and will continue to operate as ... more

    ALTANA’s ACTEGA Division Inaugurates New Innovation Center

    ACTEGA Rhenania inaugurated its new laboratory building in Grevenbroich on June 5. The company, which belongs to the specialty chemicals group ALTANA, invested around 10 million euros in the new building. The building has an area of 5,700 square meters, doubling ACTEGA Rhenania’s space for ... more

  • Companies




    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 Additiv ... more

Your browser is not current. Microsoft Internet Explorer 6.0 does not support some functions on Chemie.DE