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Altana was able to achieve a significant increase in its sales and earnings in the first half of 2014. Sales in the first six months of the current fiscal year grew by 11% to €985M (€887M yr-on-yr). Earnings before interest, taxes, depreciation and amortisation (EBITDA) reached €212M, which is an increase of 19% (€178M) yr-on-yr. The EBITDA margin increased from an already high level of 20.1% to 21.5%. "Mainly due to the acquisition of Rockwood’s rheology business, we were able to accelerate our profitable growth as planned,” stated Dr Matthias L Wolfgruber, CEO of Altana AG. Adjusted for the acquisition-related growth contribution (10%) and negative exchange rate effects (2%), operating sales in the first six months of 2014 rose by 4%.
