• Login
    • Join
  • FOLLOW:
  • Subscribe Free
    • Magazine
    • eNewsletter
    Checkout
    • Magazine
    • News
    • Research
    • Markets & Technologies
    • Raw Materials
    • Top Companies
    • Directories
    • Jobs
    • Events
    • Microsites
    • More
  • Magazine
  • News
  • Research
  • Markets & Technologies
  • Raw Materials
  • Top Companies
  • Directories
  • Jobs
  • Events
  • Microsites
  • Current / Back Issues
    Features
    Business Corner
    Editorial
    Digital Edition
    eNewsletter Archive
    Our Team
    Editorial Guidelines
    Subscribe Now
    Advertise Now
    World Reports
    eBook
    Top Features
    Powder Coatings Market

    Performance Enhancing Additives

    The Role Of Kilowatt Hours In Measuring Mill Performance

    The 2023 Marine Coatings Market

    PPG: Treated Silicas Enable Tire Manufacturing Energy Savings and Reduced Complexity
    Breaking News
    Online Exclusives
    Distributor News
    Financial News
    Paint & Coatings Manufacturer News
    People In the News
    Price Increases
    Product News
    Raw Materials & Equipment
    Video Bites
    Suppliers News
    Live From Shows
    Top News
    BASF Donates $5,000 to High School STEAM Education Programs in Chattanooga Area

    Coating Additives Market Worth $10.5B by 2028: MarketsandMarkets

    California Sports Surfaces Celebrates 70 Years

    ROSS Offers Cost-Effective, Expertly Reconditioned Equipment

    AkzoNobel Shares Sustainable Architectural Solutions at Conference
    Top Companies report
    Market Research
    White Papers / Tech Papers
    Technical Papers
    Product Spec Sheets
    World Reports
    Adhesives and Sealants
    Aerospace Coatings
    Architectural Coatings
    Automotive Coatings
    Automotive Refinish
    Business Operation
    Color Trends & Forecast
    Construction Chemicals
    Corrosion Control
    Industrial Coatings
    Laboratory Equipment
    Marine Coatings
    Market Trends & Forecast
    Powder Coatings
    Production Equipment
    Radcure Coatings
    Special Purpose Coatings
    Wood Coatings
    "Green" Coatings

    California Sports Surfaces Celebrates 70 Years

    ROSS Offers Cost-Effective, Expertly Reconditioned Equipment

    Selektope Keeps Global Mercy’s Hull Barnacle-Free

    PPG Introduces High-Performance UF Membranes and Filter Elements

    ON VOLUDE is Theme of BASF’s 2023-2024 Automotive Color Trends Collection
    Additives
    Binders
    Pigments
    Solvents

    Coating Additives Market Worth $10.5B by 2028: MarketsandMarkets

    Micro Powders Showcases Natural, PTFE Alternative Additives at 2023 WCS

    OQ Chemicals Announces Price Increases for Oxo Intermediates

    BASF Broadens Monomers Portfolio, Launches Bio-based 2-Octyl Acrylate

    “MyCarbonFootprint”: BASF Launches Dashboard for Sustainable Procurement
    Company Capabilities
    Buyers Guide
    Distributor Guide
    Add New Company
    International Buyers Guide Companies
    Siltech Corporation

    Active Minerals

    Clariant Additives

    Arkema

    EPS
    Industry Events
    Webinars
    Live From Show Event
    Top Events
    The Gulf Coatings Show

    Western Coatings Symposium 2023

    Pacific Coatings Show

    CHINACOAT 2023

    ABRAFATI 2023
    Companies
    White Papers/Tech Papers
    Product Spec Sheets
    Equipment
    Literature/Brochures
    Videos
    International Buyers Guide Companies
    Siltech Corporation

    Active Minerals

    Clariant Additives

    Arkema

    EPS
    • Magazine
      • Current / Back Issues
      • Features
      • Editorial
      • Business Corner
      • Digital Edition
      • eNewsletter Archive
      • Editorial Guidelines
      • Subscribe Now
      • Advertise Now
    • Breaking News
    • Directories
      • Buyers Guide
      • Distributor Guide
      • Corporate Capabilities
      • Trade Associations
      • Add Your Company
    • Markets & Technologies
      • Adhesives and Sealants
      • Aerospace Coatings
      • Architectural Coatings
      • Automotive Coatings
      • Automotive Refinish
      • Business Operation
      • Color Trends & Forecast
      • Construction Chemicals
      • Corrosion Control
      • Industrial Coatings
      • Laboratory Equipment
      • Marine Coatings
      • Market Trends & Forecast
      • Powder Coatings
      • Production Equipment
      • Radcure Coatings
      • Special Purpose Coatings
      • Wood Coatings
      • "Green" Coatings
    • Raw Materials
      • Additives
      • Binders
      • Pigments
      • Solvents
    • World Reports
      • Africa Report
      • China Report
      • India/Asia Pacific Report
      • Europe Report
      • Latin America Report
      • Market Research
      • Russian Report
    • Top Companies
    • Online Exclusives
    • Glossary
    • Slideshows
    • Experts Opinions
    • Blog
    • eBook
    • Infographics
    • Videos
    • Podcasts
    • Whitepapers
    • Jobs
    • Microsites
      • Companies
      • White Papers/Tech Papers
      • Product Spec Sheets
      • Equipment
      • Literature/Brochures
      • Videos
    • Events
      • Industry Events
      • Live From Show Event
      • Webinars
    • About Us
      • About Us
      • Contact Us
      • Advertise With Us
      • Privacy Policy
      • Terms of Use
    Breaking News

    Half-Year Results: ALTANA Posts Double-Digit Growth

    Sales 24% above previous year’s level, with EBITDA margin 21% in the first half year.

    Half-Year Results: ALTANA Posts Double-Digit Growth
    08.09.21
    ALTANA achieved double-digit growth in the first half of 2021. In the first six months of the year, the specialty chemicals group’s sales rose by 24% to €1,334 million compared to the same period of the previous year (€1,078 million euros), which was significantly influenced by the coronavirus pandemic.

    The sales increase was driven by strong demand for ALTANA solutions in almost all sales segments. Adjusted for acquisition and exchange-rate effects, sales were up by 26%. Earnings before interest, taxes, depreciation and amortization (EBITDA) increased to €283 million, 40% above the previous year’s figure (€202 million). Owing to demand, the EBITDA margin reached 21.2% in the first half of 2021, thus exceeding the company’s long- term target range of 18 to 20% and the same period of 2020 (18.7%).

    On its way to CO2 neutrality by 2025, the ALTANA Group reported its first nearly CO2-free sites: ACTEGA in Brazil and Bremen, as well as ACTEGA in Foshan and ECKART in Zhuhai (both in China). All four sites have cut their CO2 emissions by more than 95% each.

    "Our strong half-year results once again highlight how robustly ALTANA is positioned for the future," said ALTANA CEO Martin Babilas. "With our innovative solutions for increasingly sustainable products for everyday life and our program to achieve climate neutrality by 2025, we are moving our customers forward and at the same time ALTANA as a responsible company."

    Double-Digit Growth in All Divisions

    In the first half of 2021, all four divisions recorded double-digit growth rates. The largest division, BYK, achieved sales of €631 million, a 25% increase in a year-to-year comparison. Adjusted for exchange-rate effects, sales grew by 29%.

    ECKART generated sales of €195 million, corresponding to 26% growth (27% in operational terms). In February, ECKART completed the acquisition of the TLS business with metal powders for 3D printing.

    The ELANTAS division, whose innovative insulating materials are increasingly being used to expand e-mobility, posted sales of €284 million, up 30% on the previous year, and 34% in operational terms.

    ACTEGA’s sales increased by 11% to €222 million. Adjusted for acquisition and foreign exchange effects, the increase was 10%. The acquisition of Henkel's closure materials business in May to strengthen PVC-free solutions in this area will have a special impact on earnings in the second half of the year.

    In the first half of 2021, ALTANA achieved double-digit growth rates in all regions of the world. Sales in Europe, which continues to be the Group’s strongest sales, reached €526 million, corresponding to an increase of 24% (22% in operational terms). Sales growth in Germany was 23$ and 21%, respectively.

    In the Americas, ALTANA reported sales of €330 million, 12% higher than in the same period of the previous year. The Group achieved its most significant growth in Asia, where sales increased by 33% (35% in operational terms) to €452 million. The driver of this development was the Chinese market, with growth of 47% (both nominal and operating growth).
    Suggested For You
    Revelli Chemicals Inc. Revelli Chemicals Inc.
    Miwon Specialty Chemicals Co. Ltd. Miwon Specialty Chemicals Co. Ltd.
    TIGER Drylac Launches Two New Metallic Powder Coatings with Color-Changing Effects TIGER Drylac Launches Two New Metallic Powder Coatings with Color-Changing Effects
    Industrias Titan Industrias Titan
    BYK Launches DISPERBYK-2018 and DISPERBYK-2019 BYK Launches DISPERBYK-2018 and DISPERBYK-2019
    OLED Material Manufacturing, PPG Announce Multi-Million-Euro Investment OLED Material Manufacturing, PPG Announce Multi-Million-Euro Investment
    PPG Board of Directors Approves Nearly 10 Percent Shareholder Dividend Increase PPG Board of Directors Approves Nearly 10 Percent Shareholder Dividend Increase
    PPG Technical Presentation Earns Jury’s Award at Surcar Europe 2021 PPG Technical Presentation Earns Jury’s Award at Surcar Europe 2021
    PaintCare Collects 50 Millionth Gallon of Paint PaintCare Collects 50 Millionth Gallon of Paint
    RPM to Announce Fiscal 2021 Fourth-Quarter and Year-End Results on July 26, 2021 RPM to Announce Fiscal 2021 Fourth-Quarter and Year-End Results on July 26, 2021
    ALTANA Innovation Award 2021 Honors Metallic Effect Pigments Technology for Automotive Market ALTANA Innovation Award 2021 Honors Metallic Effect Pigments Technology for Automotive Market
    UL Wins Top Product of the Year Award with 360 Sustainability Essentials ESG Reporting Software UL Wins Top Product of the Year Award with 360 Sustainability Essentials ESG Reporting Software
    IM Group Recognized as One of the Top 10 Chemical Solutions Providers IM Group Recognized as One of the Top 10 Chemical Solutions Providers
    ALTANA Renews Long-Term Group Financing with First ESG-linked Credit Line ALTANA Renews Long-Term Group Financing with First ESG-linked Credit Line
    BRB Silicone Appoints TER Chemicals Distribution Group for Distribution in UK and Ireland BRB Silicone Appoints TER Chemicals Distribution Group for Distribution in UK and Ireland

    Related Buyers Guide Companies

    • Revelli Chemicals Inc.

      ...
      John Revelli, vp 10.24.22

    • Miwon Specialty Chemicals Co. Ltd.

      ...
      Robert O'Toole, VP/Dir 10.29.21

    • Breaking News | Color Trends & Forecast | Powder Coatings | Product news
      TIGER Drylac Launches Two New Metallic Powder Coatings with Color-Changing Effects

      TIGER Drylac Launches Two New Metallic Powder Coatings with Color-Changing Effects

      Flip-Flop Metallics change colors in different lighting conditions and at different angles.
      08.03.21


    • Industrias Titan

      Industrias Titan

      ...
      08.02.21

    • Breaking News | Suppliers Corner
      BYK Launches DISPERBYK-2018 and DISPERBYK-2019

      BYK Launches DISPERBYK-2018 and DISPERBYK-2019

      Offers maximum performance in respect of high viscosity reduction with simultaneous Newtonian flow behavior.
      07.29.21

    Loading, Please Wait..
    Trending
    • PPG Introduces High-Performance UF Membranes And Filter Elements
    • Hempel Inaugurates Production Facilities In China
    • ON VOLUDE Is Theme Of BASF’s 2023-2024 Automotive Color Trends Collection
    • Tim Knavish Elected PPG Chairman And CEO
    • Hugh Grant To Retire From PPG Board Of Directors
    Breaking News
    • BASF Donates $5,000 to High School STEAM Education Programs in Chattanooga Area
    • Coating Additives Market Worth $10.5B by 2028: MarketsandMarkets
    • California Sports Surfaces Celebrates 70 Years
    • ROSS Offers Cost-Effective, Expertly Reconditioned Equipment
    • Selektope Keeps Global Mercy’s Hull Barnacle-Free
    View Breaking News >
    CURRENT ISSUE

    September 2023

    • Powder Coatings Market
    • Performance Enhancing Additives
    • The Role Of Kilowatt Hours In Measuring Mill Performance
    • View More >

    Cookies help us to provide you with an excellent service. By using our website, you declare yourself in agreement with our use of cookies.
    You can obtain detailed information about the use of cookies on our website by clicking on "More information”.

    • About Us
    • Privacy Policy
    • Terms And Conditions
    • Contact Us

    follow us

    Subscribe
    Nutraceuticals World

    Latest Breaking News From Nutraceuticals World

    D2C Supplement Brand Launches Blood Sugar Support Supplement, Gluco-Control
    Natrol Launches First Non-Melatonin Sleep Supplement
    Metagenics Releases Consumer Survey on Menopausal Support Supplement
    Coatings World

    Latest Breaking News From Coatings World

    BASF Donates $5,000 to High School STEAM Education Programs in Chattanooga Area
    Coating Additives Market Worth $10.5B by 2028: MarketsandMarkets
    California Sports Surfaces Celebrates 70 Years
    Medical Product Outsourcing

    Latest Breaking News From Medical Product Outsourcing

    MPO's Most-Read Stories This Week—Sept. 30
    Dentsply Sirona Names Former NuVasive CEO Lucier as Chairman
    SeaStar Medical Gets Breakthrough Nod for Selective Cytopheretic Device
    Contract Pharma

    Latest Breaking News From Contract Pharma

    Univercells Expands into the U.S. With New Offices in Andover, MA
    Evecxia Therapeutics, Quotient Sciences Complete Clinical Milestone for Depression Treatment
    Ionis, Roche Partner on RNA-targeted Programs for AD and HD
    Beauty Packaging

    Latest Breaking News From Beauty Packaging

    ScentAir Debuts Room Sprays & More
    African Pride Launches On-Campus Activations
    Sharper Image Debuts Revel Hair Tools
    Happi

    Latest Breaking News From Happi

    Hair Searches in the US Change ‘Coarse’ with Growing Demand for Textured Hair Solutions
    Boss Bottled Celebrates 25th Anniversary
    In the Case of Efficacious Cosmetic Buys, Cost is Not A Factor Says Mintel
    Ink World

    Latest Breaking News From Ink World

    W+D to Premiere i-Jet 3 Inkjet at Printing United
    MicroDynamics, All Printing Resources Partner to Represent Veritas
    Weekly Recap: Wikoff Color, BASF, Latin America Top This Week’s Stories
    Label & Narrow Web

    Latest Breaking News From Label & Narrow Web

    TLMI's LLT grows, Labelexpo Europe details big numbers and more
    SABIC and partners launch bio-based IML solution for food packaging
    tesa completes expansion of Michigan manufacturing facility
    Nonwovens Industry

    Latest Breaking News From Nonwovens Industry

    Weekly Recap: Thomas Receives INDA Lifetime Technical Service Award, ExxonMobil Works with JL Goor
    Greentech Introduces Air Filter with Advanced Odor Elimination
    Ontex Divests Pakistan Operations to ASAIA Holding
    Orthopedic Design & Technology

    Latest Breaking News From Orthopedic Design & Technology

    ODT's Most-Read Stories This Week—Sept. 30
    Lazurite Adds Benchmark Medical as a Distributor for its ArthroFree Wireless Camera System
    ChitogenX Granted New U.S., Canadian ORTHO-R Patent
    Printed Electronics Now

    Latest Breaking News From Printed Electronics Now

    Weekly Recap: Mergers and Acquisitions, First Solar Top This Week’s Stories
    Jabil Posts Fourth Quarter, Fiscal Year 2023 Results
    Ink-Borne ‘Chiplets’ Could Lead to Printable Displays, Electronics and More

    Copyright © 2023 Rodman Media. All rights reserved. Use of this constitutes acceptance of our privacy policy The material on this site may not be reproduced, distributed, transmitted, or otherwise used, except with the prior written permission of Rodman Media.

    AD BLOCKER DETECTED

    Our website is made possible by displaying online advertisements to our visitors.
    Please consider supporting us by disabling your ad blocker.


    FREE SUBSCRIPTION Already a subscriber? Login