Earnings before interest, taxes, depreciation and amortization (EBITDA) rose by 16% to €453 million, thus significantly surpassing the previous year’s result (€391 million). At 21.8%, the EBITDA margin was also higher than the previous year’s figure (19.0%).
“2016 was a very good year for ALTANA. In a challenging market environment, we were able to increase our sales and earnings,” said Martin Babilas, CEO of ALTANA AG. “We are well on track for further profitable growth.”
In 2016, the BYK Additives & Instruments and ECKART Effect Pigments divisions were the drivers of sales growth in the ALTANA Group. BYK boosted sales by 4% to €909 million. The rise in sales due to the acquisition of Addcomp Holland B. V. in mid-2016 compensated for minor negative exchange rate effects. Adjusted for these effects, the division’s operating sales growth was also 4%.
Sales in the ECKART division amounted to €362 million, with both nominal sales and sales adjusted for minor exchange rate effects up by 3%.
At €452 million, sales in the ELANTAS Electrical Insulation division were 2% lower than in the previous year. Adjusted for exchange rate effects, sales were on a par with the previous year’s level.
Sales in the ACTEGA Coatings & Sealants division decreased by 6% to €352 million on account of the sale of the ACTEGA Colorchemie group in the spring of 2016. Adjusted for this acquisition and minor currency effects, sales reached the previous year’s level.
With Europe accounting for 39% of total sales, Asia for 31%, and the Americas for 28%, the ALTANA Group’s sales distribution according to regions continues to be balanced.
For the 2017 fiscal year, ALTANA expects the global economy to exhibit slightly stronger growth than in the previous year and overall increasing sales volumes. In this environment, ALTANA anticipates to achieve operating sales growth of 2% to 5% with slightly lower earnings profitability. While acquisitions are expected to contribute to sales, the company’s nominal sales growth may be influenced by exchange rate changes that are difficult to predict.