Business Description

ALTANA is a manufacturer and developer of innovative products for the specialty chemicals industry. With headquarters in Wesel/Germany and 86% of its sales coming from overseas, the ALTANA Group is a true “global player”. The ALTANA Group is made up of four divisions: BYK, ECKART Effect Pigments, and ELANTAS Electrical Insulation. Each division is a leader in its target markets for quality, service, innovation, and product solution expertise.

ALTANA provides innovative and environmentally friendly solutions for coating manufacturers, paint and plastic processors as well as the printing and cosmetic industries. Products include additives, special coatings, and adhesives as well as sealants, compounds, impregnating and varnishes, sealing resins and varnishes, and measuring and testing instruments.

 

Key Financials

 

Revenue (US$ Mn):

 

• Altana AG’s annual revenue for 2021 was US$ 3,057 Mn, a 14.27% increase from 2020
• The annual revenue generated by Altana AG in 2020 was US$ 2,675 Mn
• At a -4.46% decrease, Altana AG’s annual revenue of US$ 2,525 Mn was indexed in 2019
• Altana AG generated total revenue of US$ 2,643 Mn in 2018

 

Operating Income (US$ Mn):

 

• US$ 366 Mn was the operating income generated by Altana AG in 2021
• Altana AG’s operating income for 2020 was US$ 228 Mn, a -22.35% decrease from 2019
• From 2018’s operating incomes, Altana AG registered a -13.12% decrease in 2019, amounting to US$ 294 Mn
• An operating income of US$ 338 Mn was generated in 2018 by Altana AG

 

Net Income (US$ Mn):

 

• Altana AG’s net income for 2021 was US$ 221 Mn, a 139.7% increase from 2020
• The net income generated by Altana AG in 2020 was US$ 92 Mn
• At a -11.51% decrease, Altana AG’s net income of US$ 189 Mn was indexed in 2019
• Altana AG generated a net income of US$ 214 Mn in 2018

 

Operating Margin %:

 

• Altana AG’s operating margin for 2021 was 12%, a 40% increase from 2020
• The operating margin generated by Altana AG in 2020 was 9%
• At a -8.59% decrease, Altana AG’s operating margin of 12% was indexed in 2019
• Altana AG generated an operating margin of 13% in 2018

 

Gross Margin %:

 

• Altana AG’s gross margin for 2021 was 7%, a 105.71% increase from 2020
• The gross margin generated by Altana AG in 2020 was 4%
• At a -7.41% decrease, Altana AG’s gross margin of 8% was indexed in 2019
• Altana AG generated a gross margin of 8% in 2018

 

SWOT Analysis

 

Strengths

Possibility to adopt new technologies

Altana, a globally operating specialty chemicals company, is a leader in the development and manufacture of innovative products. The group has over 65 research and application laboratories and 50 manufacturing locations worldwide to meet international customers. To strengthen its market position, the group has increased its R&D expenditures in recent years.

The company spent EUR157.5million on R&D in FY2019, compared to EUR154.1million in FY2018. The group has been able to develop new technologies and launch new products through its R&D investments. The group is involved in new technologies such as nanotechnology and industrial biology to meet future customer needs.

In addition, it introduced many environmentally-friendly additive developments for the coatings industry as well as several new wetting and dispersing solutions. Altana’s innovation ability allows it to increase customers’ competitiveness through highly specialized, innovative, and environmentally-friendly products.