ALTANA at strong prior-year level in the first half of 2013

08-Aug-2013 - Germany

The specialty chemicals Group ALTANA was able to match the strong prior-year level in terms of sales and operating earnings in the first half of 2013. Sales in the first six months of the current business year reached  €887 million (prior year: €886 million). Earnings before interest, taxes, depreciation and amortization (EBITDA) were at €178 million, compared to €180 million in the first half of 2012. At 20.1 percent, the EBITDA margin also remained at a high level. "We are looking back on a successful first half year, in which we were able to maintain the strong prior-year level, despite the difficult overall economic conditions in Europe," stated Dr. Matthias L. Wolfgruber, CEO of ALTANA AG.

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