Altana Chemie unit FY sales up 43 pct on Eckart acquisition; performance strong |
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Fri, 26 Jan 2007 08:52
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FRANKFURT (AFX) - Altana AG said its remaining Chemie unit posted a full year sales of 1.294 bln eur, up 43 pct from 907 mln a year earlier, partly due to its acquisition of the Eckart Group.In addition, Chemie recorded a strong operating performance in all divisions, it said.Altana's overall full year sales -- including the company's pharma ops which has been sold to the Danish Nycomed Group -- rose to 3.867 bln eur from 3.272 bln, driven largely by foreign business, said Altana in a statement.The result was the 11th record year in the company's old group structure, it added.Looking ahead to 2007, the company said sales growth is expected to be in the 'mid single-digit percent range'.Altana reiterated that it sees an average annual sales growth of 10 pct, of which 6 pct is expected to be organic.krysia.diver@afxnews.comkd/jfrCOPYRIGHTCopyright AFX News Limited 2006. 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 confirms FY sales and EBITDA outlook 