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Latest Results
Clariant delivered strong growth in Q4 2021 and record profitability in FY 2021
AD HOC ANNOUNCEMENT PURSUANT TO ART. 53 LR
- Independent investigation concluded – Full Year 2020 (restated) and 2021 audited
- Fourth Quarter 2021: Sales from continuing operations grew by 23 % in local currency to CHF 1.242 billion driven by strong pricing and volume expansion
- Fourth Quarter 2021: EBITDA margin increased to 16.3 % from 16.1 % supported by operating leverage and continued higher pricing, which diminished ongoing raw material, energy, and logistics cost inflation
- Full Year 2021: Sales from continuing operations increased by 15 % in local currency to CHF 4.372 billion
- Full Year 2021: EBITDA margin increased to 16.2 % from 15.5 % in a supportive demand environment – highest EBITDA margin since 1999
- Full Year 2021: Net result for total Group at CHF 373 million
- Full Year 2021: Strong operating cash flow of CHF 363 million despite higher growthrelated net working capital and restructuring cash-out
- Distribution of CHF 0.40 per share proposed to AGM on 24 June 2022
- Outlook 2022: Strong local currency growth for the Group with the aim to improve year-on-year Group EBITDA margin level in a challenging geopolitical environment
“Clariant concluded the independent investigation and today presented its audited full year 2021 financials. We are pleased to announce markedly higher organic sales growth and a record profitability level in 2021 which is also well above 2019 pre-COVID-19 pandemic levels. We were able to successfully manage the challenges from unprecedented developments in raw materials, as well as energy and logistics cost. These results positively reflect the attractiveness of the Group’s higher-value specialty portfolio and provide tangible proof of the continued effective execution of cost discipline and our performance improvement programs,” said Conrad Keijzer, CEO of Clariant. “In 2022, we will continue to execute Clariant’s strategy to deliver profitable growth, guided by our new purpose: Greater Chemistry – between people and planet. I would like to take this opportunity to thank all our people for their dedication and hard work, which is reflected by these strong 2021 results, as well as our customers and suppliers for placing their trust in Clariant.”
Clariant published its Fourth Quarter / Full Year Results 2021 on 19 May 2022.
CONFERENCE CALL AND WEBCAST
A live audio webcast and conference call took place the same day at 3 pm CEST.
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Q4 2021 Conference Call Podcast
Clariant significantly increased profitability in the third quarter of 2021 on the back of double-digit sales growth
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- Third quarter 2021 sales from continuing operations increased by 23 % in local currency to CHF 1.096 billion
- Third quarter continuing operations EBITDA at CHF 180 million
- Third quarter 2021 EBITDA margin increased to 16.4 % versus 14.2 % in the third quarter of 2020
- Outlook 2021: increased local currency sales growth of 9 % – 11 % and a confirmed EBITDA margin range of 16.0 % – 17.0 %
“In the third quarter of 2021, Clariant delivered particularly high year-on-year revenue growth and also successfully increased performance. The completed construction of our first commercial sunliquid® cellulosic ethanol plant represents a major milestone for Clariant and is a further key proof point of our ambitious growth strategy,” said Conrad Keijzer, CEO of Clariant. “Clariant’s ability to clearly increase the profitability level was attributable to strong growth in our relevant end markets and our ability to partially offset the effects of raw material cost inflation, logistics challenges and rising energy cost through strong pricing. Our full year 2021 outlook remains positive. Based on the strong performance in the first nine months, we are increasing our full year local currency sales growth expectation and continue to forecast a step up in EBITDA margins to above pre-COVID-19 pandemic levels.”
Clariant published its Third Quarter / Nine Month Figures 2021 on 28 October 2021.
CONFERENCE CALL AND WEBCAST
A live audio webcast and conference call took place the same day at 3 pm CEST.
Feel free to access the podcast of the conference call
Q3 2021 Conference Call Podcast
Clariant significantly increased profitability in the second quarter of 2021 on the back of double-digit sales growth
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- Second quarter 2021 sales from continuing operations increased by 12 % in local currency to CHF 1.032 billion
- Second quarter 2021 EBITDA margin significantly augmented to 16.8 % versus 14.6 % in the second quarter of 2020
- First half year 2021 net result for the total Group rose to CHF 157 million
- First half year 2021 operating cash flow at CHF 15 million
- Outlook 2021 increased: local currency sales growth of 7 % – 9 % and a step up in EBITDA margin to 16.0 % – 17.0 %
“In the second quarter of 2021, Clariant delivered strong year-on-year revenue increases and significantly improved its performance. Signing definitive agreements to sell our Pigments business has been a critical step towards the completion of our portfolio transformation program,” said Conrad Keijzer, CEO of Clariant. “Clariant’s ability to exceed the profitability level achieved in 2019 was attributable to the broad demand recovery in our markets and due to our ability to mitigate raw material cost inflation while meeting the challenges created by wide-ranging logistics bottlenecks. Our attractive specialty chemicals portfolio, together with the continued effective execution of our efficiency improvement programs, enabled this success. In 2021, we aim to continue to improve our performance and expect Clariant to achieve strong sales growth in local currency and a step up in EBITDA margins to above pre-COVID-19 pandemic levels.”
Clariant published its Second Quarter / First Half Year Results 2021 on 29 July 2021.
CONFERENCE CALL AND WEBCAST
A live audio webcast and conference call took place the same day at 3 pm CEST.
Feel free to access the podcast of the conference call
Q2 2021 Conference Call Podcast
Clariant returns to profitable growth, increasing both sales and profitability in the first quarter of 2021
- Sales from continuing operations increased by 2 % in local currency to CHF 1.002 billion, reflecting a broad recovery in our markets
- EBITDA of CHF 164 million rose by 4 % in Swiss francs, generating a notably improved EBITDA margin at 16.4 % (vs. 15.4 %)
- Pricing actions have been initiated to offset rising raw material and logistics cost
- Outlook 2021 Continuing Operations: moderate local currency sales growth and a step up in EBITDA margin to slightly above pre-COVID-19 pandemic levels
“The first quarter of 2021 demonstrated both Clariant’s return to growth as well as a sequential improvement in the Group’s performance. This progression was achieved through our portfolio of attractive businesses and the disciplined execution of our strategy and performance improvement programs,” said Conrad Keijzer, CEO of Clariant. “I would like to thank our teams for effectively mastering the current challenges amidst the continued COVID-19 pandemic; rising raw material cost as well as disruptions in supply chains. In 2021, we strive to make an important step up in our performance and expect Clariant to achieve moderate sales growth in local currency and a recovery in EBITDA margins to slightly above pre-COVID-19 pandemic levels. With our partnership with India Glycols Limited for green surfactants, we continue to advance our portfolio transformation toward a higher specialty value business.”
Clariant published its First Quarter 2021 Results on 29 April 2021.
CONFERENCE CALL AND WEBCAST
A live audio webcast and conference call took place the same day at 3 pm CEST
Feel free to access the podcast of the conference call
Q1 2021 Conference Call Podcast
Downloads Q1 2021
Clariant delivers robust performance in 2020, successfully mitigating COVID-19 pandemic impacts
- Sales from continuing operations decreased by 5 % in local currency to CHF 3.860 billion
- EBITDA margin preserved at 15.0 % in a challenging environment compared to a comparable EBITDA margin of 15.7 % in 2019
- Net result for the total Group at CHF 799 million
- Strong cash conversion to an operating cash flow of CHF 369 million
- Proposed nonrecurring regular distribution of CHF 0.70 per share, taking into consideration the performance of 2019 and 2020
- Outlook: Q1 2021 will still be negatively impacted by the COVID-19 pandemic; focus on pandemic mitigation and transformation of portfolio to achieve above-market growth and higher profitability
“In 2020, Clariant has successfully weathered the effects of the COVID-19 pandemic due to our resilient portfolio and successful execution of our performance improvement programs,” said Conrad Keijzer, CEO of Clariant. “The reshaping of our portfolio towards a higher specialty value is progressing well. We will continue to execute Clariant’s strategy to differentiate through innovation, sustainability, portfolio, growth, and performance. We are taking a step up in our commitment to sustainability by announcing our new sustainability targets.”
Clariant published its Full Year 2020 Results on 11 February 2021.
CONFERENCE CALL AND WEBCAST
A live audio webcast and conference call took place the same day at 3 pm CET.
Feel free to access the podcast of the conference call
FY 2020 Conference Call Podcast
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.”
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.
Feel free to access the podcast of the conference call
9M 2020 Conference Call Podcast
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.”
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.
Feel free to access the podcast of the conference call