Corporate Report 2024: Letter from the Management Board | About This Report | Sustainability Management | Corporate Bodies and Management | Report of the Supervisory Board | Turn Challenges into Opportunities | Group Management Report | Products | Safety and Health | Environment | People | Social Commitment | Consolidated Financial Statements (condensed version) | Multi-Year Overview | Global Compact: Communication on Progress (COP) | ALTANA worldwide | List of Shareholdings | Overview | Contact
Despite challenging market conditions and ongoing geopolitical crises, 2024 was a successful year for ALTANA. Due to increased demand for our products, sales grew more dynamically than expected and were significantly higher than in the previous year. Earnings before interest, taxes, depreciation, and amortization (EBITDA) in absolute terms increased in the low double-digit percentage range compared to 2023 and exceeded our 2024 plan. Driven by the strong sales performance, profitability improved over the previous year. However, due to persistently high costs and expenses related to the integration of our acquisitions, we did not achieve our strategic target for the EBITDA margin. Thanks to our solid financial position, we continued to invest substantial amounts in the future in 2024. We expanded our production sites, advanced our digitalization efforts, and made another strategic acquisition with the Silberline Group in January 2024. We also continued to pursue our ambitious long-term goals in the area of occupational safety and revised our climate targets to align with the Science Based Targets initiative (SBTi).