Altana sales in free fall


Speciality chemicals group Altana’s first-half sales and earnings took a dip compared to the same period last year.

The company blames the worldwide economic crisis for its troubles. In comparison with the preceding first three months of 2009 the period April to June showed a positive trend regarding sales says the company.

Altana says this did not offset the very weak first quarter of the business year. In the first six months of 2009, sales decreased by 25% to €541M, while earnings before interest, taxes, depreciation and amortisation decreased by 52% to €68M.

While sales in the BYK Additives & Instruments division decreased by 21%, the ACTEGA Coatings & Sealants division remained relatively stable with a decrease of 10%, says the company.