Altana (Wesel, Germany) has experienced significant decreases in sales and earnings for the first quarter of 2009. Overall, sales fell by 30%, decreasing from €357.6 million in Q1 2008 to €251.8 million in Q1 2009. Earnings before interest, taxes, depreciation, and amortization (EBITDA) fell 71%.
The ACTEGA Coatings & Sealants division was the only division where sales remained relatively stable, decreasing by about 8%, from €55.4 million in 2008 to €50.7 million in 2009. The ECKART Effect Pigments division fell 39%, and the ELANTAS Electrical Insulation division’s sales decreased by 27%.
Altana’s portfolio includes raw materials for coatings, specialty coatings, sealants, and resins.