Latest Results

Clariant preserves profitability in first nine months of 2020 despite difficult economic environment

• Sales from continuing operations decreased by 6 % in local currency to CHF 2.838 billion
• Continuing operations EBITDA at CHF 419 million
• EBITDA margin resilient at 14.8 % compared to an operational performance of 14.8 % in the first nine months of 2019
• Outlook: in a continued difficult environment amid COVID-19 resurgence, focus on impact mitigation and performance improvement in 2020

“Over the first nine months of 2020, we successfully upheld the profitability of our continuing operations despite an exceedingly challenging environment. Although the COVID-19 pandemic had a significant negative impact on several of Clariant’s key end markets in the third quarter, the performance resilience clearly validates the success of our strategic focus on the three core specialty Business Areas,” said Hariolf Kottmann, Executive Chairman ad interim of Clariant. “The growth profile of our core portfolio remains intact despite the current economic environment and uncertain outlook. We will continue to focus on both mitigating the impact of this pandemic as well as executing our transformation program. We therefore continue to anticipate above-market growth, higher profitability and stronger cash generation.”

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Clariant published its Nine Months 2020 Figures on 29 October 2020. 

CONFERENCE CALL AND WEBCAST

A live audio webcast and conference call took place the same day at 3 pm CET.

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Clariant improves profitability in the first half of 2020 despite a difficult economic environment

• Sales from continuing operations decreased by 5 % in local currency to CHF 1.945 billion
• EBITDA margin improved to 15.0 % compared to an operational performance of 14.9 % in the first half of 2019
• Net result for the total Group improved to CHF 90 million
• Operating cash flow at CHF 89 million
• Outlook: 2020 results will be impacted by the COVID-19 pandemic; focus will therefore be on mitigation and cash generation

“In the first half of the year, our continuing operations were particularly resilient and showed a strong performance in an admittedly challenging environment. Particularly the second quarter was negatively affected by influences attributable to the COVID-19 pandemic. In this difficult economic environment, our continuing operations even showed an improvement in margins. This clearly confirms the validity of our strategic decision to focus on Clariant’s three core specialty Business Areas,” said Hariolf Kottmann, Executive Chairman ad interim of Clariant. “Despite the uncertainties surrounding the current economic environment, the growth profile of our core portfolio remains undiminished. We will continue to focus on mitigating the impact of this pandemic and will progress with Clariant’s transformation program. This will enable Clariant to realize above-market growth, higher profitability and stronger cash generation.”

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Clariant published its First Half Year Results 2020 on 30 July 2020.

CONFERENCE CALL AND WEBCAST

A live audio webcast and conference call took place the same day at 3 pm CEST.

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Clariant profitability remains resilient despite difficult economic environment

• Sales from continuing operations decreased by 6 % in local currency to CHF 1.019 billion
• Resilient EBITDA margin at 15.4 % (vs. 15.7 %) reached an EBITDA of CHF 157 million
• Outlook: 2020 results will be impacted by the COVID-19 pandemic; focus will therefore be on impact mitigation and cash generation

“In the first quarter of 2020, Clariant, together with the rest of the industry, was confronted with an unprecedented economic environment. However, our solid quarterly EBITDA margin reflects the Group’s attractive portfolio of resilient businesses, which maintained last year’s profitability level despite the particularly difficult and uncertain environment,” said Hariolf Kottmann, Executive Chairman ad interim of Clariant. “We will continue to put all our efforts into mitigating the effects of this pandemic and in protecting the safety of our employees. Clariant’s transformation program will remain in full progress.”

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Clariant published its First Quarter Figures 2020 on 30 April 2020.

CONFERENCE CALL AND WEBCAST

A live audio webcast and conference call took place the same day at 3 pm CEST.

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Clariant grows sales and improves underlying profitability in 2019

• Sales from continuing operations grew by 3 % in local currency to CHF 4.399 billion
• Continuing operations EBITDA before exceptional items unchanged at CHF 740 million, corresponding to a 16.8 % margin
• Continuing operations EBITDA (excl. European Commission provision) rose to CHF 692 million, corresponding to a 15.7 % margin
• Net result for the total Group at CHF 38 million
• Operating cash flow declined to CHF 509 million
• Proposed unchanged dividend of CHF 0.55 per share
• Outlook: Focused portfolio to achieve above-market growth, higher profitability and stronger cash generation, supported in 2020 by selective efficiency measures in the businesses

“In 2019, we made a significant step forward in our strategy to focus on our specialty businesses. We reshaped our portfolio and, in a difficult environment, achieved a further increase in sales and a solid margin improvement, which clearly proves the resilience of our businesses,” said Hariolf Kottmann, Executive Chairman of Clariant. “Given that we expect the sluggish economic environment to continue in 2020, we have launched selective efficiency measures in all our businesses to further support the increase in profitability.”

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Clariant published its Full Year Results 2019 on 13 February 2020.

CONFERENCE CALL AND WEBCAST

A live audio webcast and conference call took place the same day at 1 pm CET.   

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Clariant grows sales and improves underlying profitability in the first nine months of 2019

• Sales from continuing operations grew by 3 % in local currency to CHF 3.272 billion in the first nine months of 2019
• Continuing operations EBITDA after exceptional items (excl. European Commission provision) resilient at CHF 484 million
• Corresponding EBITDA margin at 14.8 % vs. 14.7 % previous year
• Outlook 2021: Focused portfolio to achieve above-market growth, higher profitability and stronger cash generation

“Our nine months results reflect the resilience and quality of our continuing businesses, in particular in light of the worsening economic environment in the third quarter,” said Hariolf Kottmann, Executive Chairman of Clariant. “Looking forward, we will continually improve our performance through further operational improvement initiatives and the systematic implementation of our portfolio strategy to focus on higher value specialty businesses.”

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Clariant published its Nine Months Figures 2019 on 30 October 2019.

CONFERENCE CALL AND WEBCAST

A live audio webcast and conference call took place the same day at 3 pm CET.   

Click here to access the replay of the >WEBCAST