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2022 was marked by various developments that had an impact on ALTANA’s business performance. In particular, Russia’s war against Ukraine contributed to persistently high raw material prices and significantly increased energy costs. As a result, there was a general clouding of the markets and there were high inflation rates. Despite this challenging and volatile environment, ALTANA managed to achieve sales of more than three billion euros for the first time and keep absolute earnings at a high level. Due to inflation, the profitability level, that is, the ratio of EBITDA to sales, was below the previous year’s figure. At the same time, we intensively pursued our long-term goals in the areas of occupational safety and climate protection and continued to push forward our strategic research and development projects. We continue to implement our strategy of sustainable profitable growth by participating in technology startups and investing heavily in the digitization of our processes.