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Altana says full-year sales rose 18 percent on foreign demand

Altana says full-year sales rose 18 percent on foreign demand

German chemicals maker Altana AG said Friday that full-year sales rose 18 percent as the company benefited from rising foreign demand.
Revenue for the year through Dec. 31 rose to euro3.9 billion (US$5.06 billion) from euro3.3 billion in the same period a year earlier, the company said in a statement.
"This growth was mainly driven by foreign business," the company said in a statement.
Altana expects its chemicals business to post an operating sales growth of less that 10 percent in fiscal 2007. The medium-range growth target is set at average sales growth of 10 percent annually.
Regulators last month cleared Altana to sell its drugs unit to Denmark's Nycomed Holding AS for euro4.5 billion (US$5.71 billion). The European Commission said the deal would not cause any antitrust problems in Europe as there was only a limited overlap between the two companies.
Altana's shares fell 0.4 percent to euro47.09 (US$61.11) on the Deutsche Boerse.
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Updated : 2021-04-13 08:42 GMT+08:00