Latest Results
Clariant reports strong progress in the first half of 2018
- Sales grew by 7 % in local currency to CHF 3.389 billion
- EBITDA before exceptional items expanded significantly by 9 %
- EBITDA margin before exceptional items improved to 15.5 %
- Net income increased by 38 % to CHF 211 million
- Operating cash flow at CHF 102 million
- 2018 outlook confirmed
“In the first half of the year, Clariant delivered strong growth in sales, EBITDA and most notably net income”, stated CEO Hariolf Kottmann. “Our adherence to Clariant’s five pillar strategy has resulted in the steady progress we have seen over the last years. We continue to focus on innovation and sustainability for portfolio advancement, leading to further progress in growth and profitability. For 2018, I am confident that we will achieve our targets.”
Clariant published its First Half 2018 results on 25 July 2018.
CONFERENCE CALL AND WEBCAST
A live audio webcast and conference call took place on the publication day at 3 pm CEST.
To watch the webcast replay, which is available for 30 days, please click the link below.
H1 2018 Conference Call Podcast
Contact Investor Relations
Investor Relations
+41 61 469 63 73
Contact Media Relations
Thijs Bouwens
Global Media Relations
+41 61 469 63 63
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Clariant starts 2018 with significant growth in sales and EBITDA
- First quarter sales rose by 7 % in local currency to CHF 1.722 billion
- EBITDA before exceptional items improved significantly by 7 % in Swiss francs
- EBITDA margin before exceptional items remained stable at a good 15.6 %
- 2018 outlook confirmed
“In the first three months of 2018, Clariant delivered very good 7 % growth, both in sales and profitability”, said CEO Hariolf Kottmann. “All our Business Areas contributed to this progress which was mainly driven by volumes. The turnaround of the Catalysis business has been confirmed and also the Oil & Mining Services business is showing signs of improvement, while Care Chemicals continued its excellent development and Plastics & Coatings is performing in line with expectations. For 2018, we are on track to achieve our targets.”
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Clariant significantly increases growth and further improves profitability in 2017
- Sales increased by 9 % in local currency to CHF 6.377 billion
- EBITDA before exceptional items improved significantly by 10 % in Swiss francs to CHF 974 million
- EBITDA margin before exceptional items increased to 15.3 %
- Operating cash flow was CHF 428 million
- Net income climbed by 15 % to CHF 302 million
- Proposed dividend increase of 11 % to CHF 0.50 per share
- Outlook: continued progression in profitability and operating cash flow generation
“Clariant delivered exemplary top-line growth and absolute EBITDA improvement in 2017,” said CEO Hariolf Kottmann. “The results are particularly encouraging as all Business Areas contributed to this expansion. Clariant continues to consistently and successfully deliver on its strategy and is well on track to achieve its goals. We are making progress based mainly on our innovation and sustainability positioning. For 2018, we are confident that we will further grow in local currency, operating cash flow and profitability.”
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Clariant again grows sales, increases profitability and is well on track to meet 2017 outlook
- Sales for the first nine months rose by 10 % in local currency to CHF 4.698 billion
- EBITDA before exceptional items improved significantly by 10 %
- EBITDA margin before exceptional items increased to 15.3 %
- 2017 outlook confirmed
“Clariant continues to consistently and successfully deliver on its strategy. With an excellent 10 % growth in both sales and profitability in the first nine months of the year we are well on track to achieve our targets,” said CEO Hariolf Kottmann. “Our achievements are based on innovation, sustainability and on the endless commitment of our employees. Leveraging innovation throughout our portfolio is also exemplified by today’s announcement of the commercialization of bio-ethanol with the related licenses and enzymes. We expect mid double-digit million sales potential from the sunliquid® cellulosic ethanol production alone, a clear illustration of our innovation competence in biotechnology. For 2017, we are confident that we will achieve our targets, i.e. growth in local currency, progression in operating cash flow, absolute EBITDA and EBITDA margin before exceptional items in spite of a temporarily weaker cash flow in the first half.”
Downloads 9M 2017
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Clariant continues to increase sales, improves profitability and remains on track to meet 2017 outlook
- Sales increased by 9 % in local currency to CHF 3.132 billion
- EBITDA before exceptional items rose significantly by 9 %
- EBITDA margin before exceptional items increased to 15.4 %
- Operating cash flow was CHF 116 million
- Net income grew by 20 % to CHF 153 million
- 2017 outlook confirmed
“Clariant delivered excellent top-line growth and further expansion in profitability in the first half of the year,” said CEO Hariolf Kottmann. “Our good business performance was primarily achieved by the recovery in Catalysis and the ongoing impact of the differentiated steering in Plastics & Coatings. For 2017, we are confident that we will achieve our targets, i.e. growth in local currency, progression in operating cash flow, absolute EBITDA and EBITDA margin before exceptional items in spite of a temporarily weaker cash flow in the first half.”
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Clariant commences 2017 with strong sales growth and a significantly improved absolute EBITDA
- First quarter sales grew by 9 % in local currency to CHF 1.602 billion
- EBITDA before exceptional items significantly rose by 10 % in local currency to CHF 250 million
- EBITDA margin before exceptional items increased to 15.6 %
- 2017 outlook unchanged: continued local currency growth, progression in profitability and operating cash flow generation
“Clariant achieved a very good start into the year with good volume growth and higher profitability”, said CEO Hariolf Kottmann. “Our focus on local currency growth and profitability improvement is clearly reflected in these encouraging results. We are on a solid path towards achieving our sales expansion targets, a continued progression in absolute EBITDA and EBITDA margin before exceptional items as well as operating cash flow generation, in spite of what continues to be a challenging market environment in specific business areas.”
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Clariant again significantly increases operating cash flow whilst growing sales and profitability in 2016
- Sales increased by 2 % in local currency to CHF 5.847 billion
- EBITDA margin before exceptional items expanded to 15.2 % from 14.7 %
- Operating cash flow significantly rose by 29 % to CHF 646 million compared to CHF 502 million in 2015
- Net income grew 16 % to CHF 263 million
- Proposed dividend increase of 12.5 % to CHF 0.45 per share
- 2017 outlook: continued progression in profitability and operating cash flow generation
“Clariant considerably expanded its operating cash flow in 2016 while reporting sales growth and profitability improvement,” said CEO Hariolf Kottmann. “Our good business performance was primarily achieved by means of a continued shift to high margin specialities, the impact of the differentiated steering in Plastics & Coatings as well as good cost management. For 2017, we are confident that we will achieve our targets, i.e. growth in local currency, progression in operating cash flow, absolute EBITDA and EBITDA margin before exceptional items in spite of a continued challenging economic environment.”
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