WESEL, Germany/DUSSELDORF, Germany – The specialty chemicals group ALTANA concluded the 2016 fiscal year with an increase in sales and a leap in earnings. Sales rose by 1% to €2,075 million. Adjusted for acquisition and exchange rate effects, sales grew by 2% compared to the previous year. Earnings before interest, taxes, depreciation and amortization (EBITDA) rose by 16% to €453 million, significantly surpassing the previous year’s result (€391 million). At 21.8%, the EBITDA margin was also higher than the previous year’s figure (19.0 percent).
“2016 was a very good year for ALTANA. In a challenging market environment, we were able to increase our sales and earnings,” said Martin Babilas, CEO of ALTANA AG. “We are well on track for further profitable growth.”