Very positive development at the Pharmaceuticals division. Earnings forecast for 2005 increased. Re-organization of the Pharmaceuticals and Chemicals division.
Wolfgang Schütt succeeds Christoph Schlünken as President ALTANA Electrical Insulation
After the acquisition of the ECKART Group and its integration as the fourth division of ALTANA Chemie AG, Wesel, we hereby announce that Dr. Christoph Schlünken will lead the new Division Effect Pigments as President, he is also Chairman of the Management Board of the ECKART Group.
ALTANA AG (NYSE: AAA; FSE: ALT) announced today that the ALTANA Chemie AG completed the acquisition of the ECKART group as of October 1, 2005.
ALTANA Chemie AG, the Specialty Chemicals division of ALTANA AG (NYSE: AAA, FSE: ALT), has signed an agreement to acquire the ECKART GmbH & Co. KG, headquartered in Fürth/Germany.
ALTANA AG (NYSE: AAA, FSE: ALT) increased first-half consolidated sales in 2005 by 5% to €1.55 billion. Adjusted for divestment effects in the Chemicals division, the operating growth was 7%.
Dividend increases by 14% to EUR0.95
Sales +4%, Net income + 4%
Strong pharmaceutical business
Sales +8%; Earnings before taxes (EBT) +8%; net income +13%
Dividend up by 14% – the ninth increase in succession
Concentration on growth market of packaging coatings almost complete
ALTANA 2004: Significant dividend increase, the ninth in succession