PaintSquare.com


The First Word in Protective & Marine Coatings

A Product of Technology Publishing / PaintSquare
JPCL | PaintSquare News | Durability + Design | Paint BidTracker

Paint and Coatings Industry News

Main News Page


ALTANA Sales Dip in First Half of 2009

Monday, August 17, 2009

Comment | More

The specialty chemicals Group ALTANA (Wesel, Germany), which serves industries such as coatings and electronics, reported that it posted considerably lower first-half sales and earnings in 2009 than in the comparative period of the previous year on account of the worldwide economic crisis. In total, ALTANA recorded significant losses in sales and earnings in the first six months of 2009. Sales decreased by 25% to €541.0 million, down from €716.8 million in the same period a year ago.

Earnings before interest, taxes, depreciation and amortization (EBITDA) decreased by 52%, from €141.4 million in the previous year to €68.0 million. The EBITDA margin was down to 12.6% and is therefore lower than the value of 19.7% of the previous year. Earnings before taxes (EBT) amounted to €24.5 million, following €103.6 million in the prior year.

In comparison with the preceding first three months of 2009, the sales performance in the period April to June 2009 showed a positive trend; it was not possible, however, to offset the very weak first quarter of the business year, the company said.

Sales in the BYK Additives & Instruments division decreased by 21% to €186.0 million; in the prior year, sales had amounted to €236.6 million. The ECKART Effect Pigments division posted a sales decline of 34% to €125.4 million. In 2008, sales had amounted to €189.9 million. In the ELANTAS Electrical Insulation division, sales were down by 28% to €128.8 million, following €178.6 million in 2008. Sales in the ACTEGA Coatings & Sealants division remained relatively stable, decreasing by 10% to €100.8 million (prior year: €111.7 million).

The company noted that it saved approximately €35 million in the first six months of 2009 through a cost-cutting program initiated in the late summer of 2008. Among the program’s measures are reductions in costs of materials and personnel as well as a postponement of investments. In total, the company plans to save about €55 million in the current business year.

The company said that because of the continuing high uncertainty of the economy, it is still not possible to provide a concrete forecast for sales and earnings.

ALTANA’s product range includes additives, special coatings and adhesives, effect pigments, sealants and compounds, impregnating resins and varnishes, and testing and measuring instruments.

   

Tagged categories: Altana; Finance

Comment Join the Conversation:

Sign in to our community to add your comments.

International Paint LLC

International Paint Engineered Coatings

Learn about our solutions for:
  • Structural Steel
  • Piping & Equipment
  • Storage Tanks
  • Pressure Vessels
  • Secondary Containment


    Minerals Research & Recovery

    HIGH PERFORMANCE ABRASIVES


    “Made in the USA!”

    Why recycle waste from other countries? Go FASTER, CLEANER, at 1/3 THE COST with MR&R “All-American” Sharpshot®HP!!

    WATCH THE VIDEO


    U.S. Zinc

    Offering custom grades and packaging of zinc dust, oxide, metal and fines, U.S. Zinc provides direct shipping to locations worldwide. Helping the world work™


    DeFelsko Corporation
    PosiTector Dew Point Meter

    Measures and records
    environmental conditions
    during surface prep and
    painting. 4 Models
    Available – Standard
    or Advanced features,
    Built-in or Separate probe.


    Clemco Industries Corp.
    Powerful Protection in a Small Package

    Mounts inside blast helmet, alerts operator to dangerous breathing-air condition by audible, visual, and vibratory alarms. Easily calibrated, battery operated.


    Fischer Technology Inc.
    MP0R with rotating display screen

    View your coating thickness readings from any angle with rotating display screen. New graphic display with easy menu navigation. Click for Video
    Call 800-243-8417


    MMLJ
    Superfast Dustless Abrasive Blasting - Watch Video

    Dustless Blasting creates no dust plume so others can work nearby unaffected. Maximize Productivity! Watch our numerous YouTube videos to learn more.

  •  
     
     
    Technology Publishing

    The Technology Publishing Network

    The Journal of Protective Coatings & Linings (JPCL) PaintSquare
    Durability + Design Paint BidTracker JPCL Europe

     
    EXPLORE:      JPCL   |   PaintSquare News   |   Interact   |   Buying Guides   |   Webinars   |   Resources   |   Classifieds
    REGISTER AND SUBSCRIBE:      Free PaintSquare Registration   |   Subscribe to JPCL   |   Subscribe to PaintSquare News
    MORE:      About PaintSquare.com   |   Privacy policy   |   Terms & conditions   |   Site Map   |   Search   |   Contact Us
     

    © Copyright 2000-2014, Technology Publishing / PaintSquare, All rights reserved
    2100 Wharton Street, Suite 310, Pittsburgh PA 15203-1951; Tel 1-412-431-8300; Fax 1-412-431-5428; E-mail webmaster@paintsquare.com