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Markets :: Specialty Chemicals :: Paints and Coatings

Altana's 2012 net income up 5%

10:03 AM MDT | March 22, 2013 | Francinia Protti-Alvarez

Altana's (Wesel, Germany) net income increased almost 5% during 2012, to €155 million ($203 million) from €148 million the year before, the company reported today. Ebitda and sales also each improved by 5%, to €323 million and €1.71 billion, respectively. "In 2012, we proved once again that we are able to achieve profitable growth, even in a rapidly changing environment," says Matthias Wolfgruber, CEO of Altana. Fourth-quarter figures were not disclosed. At €618 million, the additives and instruments division achieved the...

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