Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the wordpress-seo domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /var/www/html/wp-includes/functions.php on line 6260 Clariant Announces 1Q 2019 Sales - Ink World Magazine

What are you searching for?

Sign in
Industry News, Suppliers News

Clariant Announces 1Q 2019 Sales

Reports 2% organic growth in local currency, driven by higher pricing in all business areas.

Author Image

By: DAVID SAVASTANO

Contributing Editor, Coatings World and Ink World, Coatings World and Ink World Magazine

Clariant announced first quarter 2019 sales of CHF 1.715 billion ($1.68 billion) compared to CHF 1.722 billion in the first quarter of 2018. This corresponds to a 2% organic growth in local currency, driven by higher pricing in all business areas.
 
On a regional basis, the sales development in Latin America, Europe and the Middle East & Africa all reflected single-digit growth in local currency. Both North America and Asia reported a slightly negative growth of 1%. The continued weaker demand in China negatively influenced group sales development in the first quarter.
 
The improved sales performance in the first quarter of 2019 resulted from expansion in the Business Areas Care Chemicals, Catalysis and Natural Resources.
 
In Plastics & Coatings, sales declined by 2% in local currency, largely as a result of the weaker than anticipated automotive and plastics markets as well as the further economic slowdown, particularly in China. However, the underlying demand in China remains solid and Clariant expects to see a gradual improvement throughout the remainder of 2019.
 
The newly reported EBITDA after exceptional items reached CHF 236 million with a corresponding margin of 13.8%. The 8% lower absolute EBITDA after exceptional items is the result of weaker profitability in Plastics & Coatings and higher project costs relating to Clariant’s step change into higher value specialties announced in September 2018.
 

Add us as a preferred source on Google

Get the latest Ink World magazine news, insights and analysis in your Google Search and AI experiences.

Add Ink World magazine as a preferred source on Google (opens in a new tab)

Keep Up With Our Content. Subscribe To Ink World magazine Newsletters

Topics