IHS Chemical Week

People & Business :: Earnings/Finance

Altana reports higher sales and earnings, plans to double in size by 2020

10:05 AM MDT | March 21, 2014 | Natasha Alperowicz

Specialty chemicals group Altana today reported higher sales and earnings and said it plans to double the size of its business by 2020. Last year's Ebitda was 4% higher, at €336 million ($463.5 million), on sales also 4% up, at €1.77 billion. Asia recorded the highest sales growth, 10%, to €547 million, of which China accounted for €288 million, up 14% on the year-earlier period. Sales in Europe were down 2%, to €745 million, including a 2% drop in sales in Germany, to €262 million. Sales in the Americas were up 1%, to €438...

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