Altana FY EBIT up 10 pct to 745 mln eur on strong sales but misses expectations |
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Thu, 15 Mar 2007 08:38
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BAD HOMBURG, Germany (AFX) - Altana AG said its full-year EBIT rose 10 pct to 745 mln eur from 676 mln eur thanks to strong sales growth in both its pharma and chemicals divisions.However, the figure fell short of the 754 mln eur consensus of analysts estimates.Altana reiterated that full-year sales reached 3.867 bln eur, up 19 pct from 3.272 bln.full-year net profit reached soared to 3.872 bln eur, up from 438 mln eur in 2005 thanks to the sale of its pharma division to Nycomed.'The last business year of Altana in the constellation with two divisions was the most successful one in the Group's 30-year history,' chief executive Nikolaus Schweikart said in a statement.'However, even after the Group's restructuring, Altana will remain on its profitable and sustained growth and success course,' he said.For the current year, Altana said it expects sales of between 1.34-1.39 bln eur, and an EBITDA of 210-240 mln eur.It also set a medium-term 10 pct sales growth target, with 6 pct of this accounted for by organic growth.It also wants to achieve a medium-term EBITDA margin of 19-20 pct.alfred.kueppers@afxnews.comamk/hjpCOPYRIGHTCopyright AFX News Limited 2007. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.AFX News and AFX Financial News Logo are registered trademarks of AFX News Limited
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Altana Chemie unit FY sales up 43 pct on Eckart acquisition UPDATE 