GO
Loading...

Altana Says Full-year Sales Rose 18% on Foreign Demand

German chemicals maker Altana said Friday that full-year sales rose 18% as the company benefited from rising foreign demand.

Revenue for the year through Dec. 31 rose to 3.9 billion euros ($5.06 billion) from 3.3 billion euros 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% in fiscal 2007. The medium-range growth target is set at average sales growth of 10%

Regulators last month cleared Altana to sell its drugs unit to Denmark's Nycomed Holding for 4.5 billion euros ($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% to 47.09 euros ($61.11) on the Deutsche Boerse.

Contact U.S. News

  • CNBC NEWSLETTERS

    Get the best of CNBC in your inbox

    Please choose a subscription

    Please enter a valid email address
    To learn more about how we use your information,
    please read our Privacy Policy.

Don't Miss

  • The Glass Ceiling

    Full-time working women still only earn about 77% of what men do in the same fields. A lawsuit in Silicon Valley is bringing renewed focus to that statistic. Vanity Fair Contributing Editor Bethany McLean on the equality fight for women's pay and promotion.

  • Man takes off work clothes on beach

    With Ruth Porat leaving Wall Street for Silicon Valley, Turney Duff takes a look at other ex-Wall Street friends and where they are now.

  • A group of scientists believe they've cracked the reason behind a big mystery: Why are beards so popular?

U.S. Video