Clariant's sales in the first quarter stable

with a reorganization, employees of chemical company Clariant is a subdued start to the year 2019. So kept the turnover compared to the previous year only, with negative currency effects were at work.

adjusted For these, sales grew by 2 percent. This is a good organic growth, which came mainly thanks to higher prices in all business areas, the company said on Tuesday.

In Swiss francs, sales declined slightly by 0.4 percent to 1'715 million Swiss francs, bringing the Situation compared to the fourth quarter of 2018, as measured at least in francs, something has improved. At that time, a decline of 3 per cent resulted. The growth in local currencies was 3%.

in local currency, higher sales in the divisions Care Chemicals, produces additives for detergents, toiletries and cosmetics, Catalysis (catalysts for chemical processes) and Natural Resources, which produces chemicals for the Oil and mining industry, contributed. Only the plastic and coating division (Plastic & Coatings) was slightly less than in the corresponding period of the previous year.

"progress at all levels"

The one-time effects, adjusted operating profit (Ebitda) was 5 percent below the previous year's figure of 254 million Swiss francs. New Clariant has a value of including these effects: He was 236 million and 8 percent below the previous year. The corresponding margin reached 13.8 percent, and declined by one percentage point.

the proposed sales, the analysts were not met projections. The AWP consensus for the sales amounted to 1'724 million Swiss francs.

the Outlook For the total year 2019 will be made no concrete information. In mid-February, it was also only that "progress on all levels," is expected. The medium-term Outlook for the period up to 2021 is confirmed. Clariant wants to achieve to above-average growth, higher profitability and stronger cash flow generation.

(oli/sda)

Created: 30.04.2019, 08:05 PM