Latest results
Record 2022 sales growth, EBITDA and cash conversion driven by strong operating performance; dividend increase proposed
AD HOC ANNOUNCEMENT PURSUANT TO ART. 53 LR
- Q4 2022: Sales grew by 12 % in local currency to CHF 1.323 billion, underpinned by strong pricing in a softening demand environment, EBITDA margin was 11.6 % (14.7 % excluding CHF 40 million restructuring charges related to the implementation of the new operating model)
- FY 2022: Sales increased by 24 % in local currency to CHF 5.198 billion, EBITDA margin was 15.6 % (16.4 % excluding CHF 40 million restructuring charges in Q4 2022 related to the implementation of the new operating model)
- FY 2022: Net result for total Group at CHF 116 million
- FY 2022: Net operating cash flow increased by 38 % to CHF 502 million, CHF 293 million free cash flow resulting in a 36 % free cash flow conversion
- FY 2022: Increased distribution of CHF 0.42 per share proposed to AGM on 4 April 2023
- Outlook 2023: Full year sales around CHF 5 billion with the aim to slightly improve the year-on-year reported Group EBITDA margin level in a challenging macro environment, which is expected to improve in H2 2023
“In the fourth quarter of 2022, pricing continued to have a significant positive impact on sales growth and EBITDA margin, despite softer end markets in some businesses. The hard work of all our colleagues enabled us to successfully increase year-on-year sales in all regions, including China,” said Conrad Keijzer, Chief Executive Officer of Clariant. “I am particularly proud of our continued strong operating performance and that our full year 16.4 % EBITDA margin (excluding restructuring charges of CHF 40 million related to the implementation of the new operating model) slightly exceeded the full year 2022 guidance we previously communicated. Our shareholders will participate in our strong operational performance with an increased distribution of CHF 0.42 per share. From a sustainability perspective, the magnitude of Clariant’s Scope 1 and 2 total greenhouse gas emission improvement in 2022 is positive proof that we have managed to decouple emissions from our 7 % volume growth.”
“In the full year 2022, we achieved above-market sales growth and a margin improvement in a challenging inflationary environment. We have set the company up for growth in the years ahead with the measures undertaken during the implementation of our new operating model. The benefits of our new model include better customer orientation, better and faster decision making, greater empowerment, more accountability, and improved transparency which will enable Clariant to achieve its 2025 targets,” Conrad Keijzer added.
Clariant published its Fourth Quarter / Full Year Results 2022 on 2 March 2023.
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.Alternatively, you can watch the replay of the > WEBCAST
Q4 2022 Conference Call Podcast
Downloads Q4 2022
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Clariant generated double-digit sales and EBITDA growth in Q3 2022
AD HOC ANNOUNCEMENT PURSUANT TO ART. 53 LR
- Q3 2022: Sales increased by 27 % in local currency to CHF 1.312 billion, supported by both pricing and volume growth, EBITDA margin increased to 16.8 % versus 15.5 %
- 9M 2022: Sales increased by 29 % in local currency to CHF 3.875 billion, EBITDA margin increased to 16.9 % versus 16.2 %
- Clariant signs definitive agreement to sell North American Land Oil business
- Full Year 2022 Outlook: Strong local currency growth for the Group to around CHF 5.1 billion, with the confirmed aim to improve the year-on-year underlying Group EBITDA margin level. Full year 2022 reported Group EBITDA margin will be impacted by restructuring charges in Q4 2022 related to the implementation of the new operating model
Clariant published its Third Quarter / Nine Month Figures 2022 on 27 October 2022.
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 2022 Conference Call Podcast
Clariant delivered strong sales growth and record H1 EBITDA margin
AD HOC ANNOUNCEMENT PURSUANT TO ART. 53 LR
- Q2 2022: Sales from continuing operations grew by 29 % in local currency to CHF 1.301 billion, underpinned by strong pricing and volume expansion
- Q2 2022: EBITDA margin increased to 16.6 % from 15.8 %, supported by operating leverage from strong sales growth, fully compensating raw material, energy, and logistics cost inflation
- H1 2022: Sales from continuing operations increased by 29 % in local currency to CHF 2.563 billion
- H1 2022: EBITDA margin increased to 17.0 % from 16.5 % – a record first half year EBITDA margin
- Full Year 2022 Outlook: Strong local currency growth for the Group to around CHF 5.0 billion with the aim to improve the year-on-year Group EBITDA margin
Clariant published its First Quarter Figures 2022 on 28 July 2022.
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 2022 Conference Call Podcast
Clariant reports markedly stronger sales growth and EBITDA expansion in Q1 2022
AD HOC ANNOUNCEMENT PURSUANT TO ART. 53 LR
- First quarter 2022 sales from continuing operations increased by 30 % in local currency and 26 % in Swiss francs to CHF 1.262 billion – pricing contributed 16 % to the strong top-line growth
- Continuing operations EBITDA was up 27 % to CHF 220 million
- EBITDA margin increased to 17.4 % from 17.3 % in the first quarter of 2021
- First quarter performance underlines the ability to achieve mid-term targets
- 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 published its First Quarter Figures 2022 on 15 June 2022.
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 2022 Conference Call Podcast
Downloads Q1 2022
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.
Feel free to access the podcast of the conference call.
Q4 2021 Conference Call Podcast
Clariant significantly increased profitability in the third quarter of 2021 on the back of double-digit sales growth
AD HOC ANNOUNCEMENT PURSUANT TO ART. 53 LR
- 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