Table of Contents
Letter from the Management Board
About This Report
Sustainability Management
Corporate Bodies and Management
Report of the Supervisory Board
Board
Report
Management
ALTANA in Everyday Life
Group Management Report
Group Basics
Business Development
Innovation, Employees, Environment, and Safety
Declaration on Corporate Governance
Subsequent Events
Expected Developments
Products
Products
Safety and Health
Health
Environment
Environment
Human Resources
Social Commitment
Consolidated Financial Statements
(condensed version)
ALTANA Group Consolidated Income Statement
ALTANA Group Consolidated Statement of Financial Position
ALTANA Group Consolidated Statement of Cash Flows
Reference to the Consolidated Financial Statements
Management Board Responsibility Statement
Multi-Year Overview
Global Compact: Communication on Progress (COP)
1
6
7
12
14
19
44
19
44
45
52
64
70
74
74
52
74
85
89
85
89
93
93
98
98
102
108
108
109
110
112
114
109
114
116
118
120
Statements
Statement
Overview
116
118
120
Legal Disclaimer
This Corporate Report is a translation of the Unternehmensbericht. The translation was prepared for
convenience only. In case of any discrepancy between the German version and the English translation, the
German version shall prevail.
This report contains forward-looking statements, i. e. current estimates or expectations of future events or
future results. The statements are based on beliefs of ALTANA as well as assumptions made by and infor -
mation currently available to ALTANA. Forward-looking statements speak only as of the date they are made.
ALTANA does not intend and does not assume any obligation to update forward-looking statements to
refl ect facts, circumstances or events that have occurred or changed after such statements have been made.
Group Profi le 2020
Key figures at a glance
Due to rounding, this Corporate Report may contain minor differences between single values, and sums or percentages.
2019 2020 Δ %
in € million
Sales 2,248.9 2,178.2 - 3
Earnings before interest, taxes, depreciation and amortization (EBITDA) 415.8 426.0 2
EBITDA margin 18.5 % 19.6 %
Operating income (EBIT) 262.5 185.7 - 29
EBIT margin 11.7 % 8.5 %
Earnings before taxes (EBT) 231.3 142.7 - 38
EBT margin 10.3 % 6.6 %
Net income (EAT) 169.0 75.1 - 56
EAT margin 7.5 % 3.5 %
Research and development expenses 165.6 163.4 - 1
Capital expenditure on intangible assets and property, plant and equipment 157.2 105.2 - 33
Cash Flow from operating activities 386.3 373.6 - 3
Return on capital employed (ROCE) 8.8 % 8.4 %
ALTANA Value Added (AVA) 21.6 26.5 22
Dec. 31, 2019 Dec. 31, 2020 Δ %
in € million
Total assets 3,343.3 3,263.1 - 2
Shareholders’ equity 2,479.4 2,398.9 - 3
Net debt (-) / Net financial assets (+) ¹ (57.7) 34.2 –
Headcount ² 6,476 6,529 1
¹ Comprises cash and cash equivalents, current financial assets, current marketable securities, loans granted, debt, and employee benefit obligations.
² When in the following the term “headcount” or “employees” is used, it refers to all staff members, male, female, or otherwise.
2019 2020 Δ %
WAI 1 (number of reported occupational accidents with lost work time of one day or more
per million working hours)
2.8 1.8 - 36
WAI 2 (number of reported occupational accidents with lost work time of more than three days
per million working hours)
2.1 1.0 - 52
WAI 3 (number of lost work days due to reported occupational accidents per million working hours) 34.8 19.5 - 44
Total CO² equivalents (Scope 1 + Scope 2) ³ (t) 182,344 92,553 - 49
Specific CO² equivalents (Scope 1 + Scope 2) ³ ( kg / kg finished goods) 0.35 0.18 - 49
³ Scope1: direct emissions; Scope 2: indirect emissions. The values for 2020 are calculated using the “market-based” method. Biogenic emissions are not included.