Ad Hoc Announcements & Investor News

Clariant today announced its second quarter and first half year 2022 results. In the second quarter of 2022, continuing operations sales were CHF 1.301 billion, compared to CHF 1.032 billion in the second quarter of 2021. This corresponds to an increase of 29 % in local currency, 25 % of which was organic, and 26 % higher sales in Swiss francs. 

Clariant today held its 27th Annual General Meeting (AGM) where the shareholders approved all agenda items and resolutions as proposed by the Board of Directors. 

Clariant today announced changes to its leadership and organizational structure as part of the company’s ongoing initiatives to implement its purpose-led strategy and cultural transformation. 

Clariant today announced first quarter 2022 continuing operations sales of CHF 1.262 billion, compared to CHF 1.002 billion in the first quarter of 2021. This corresponds to a particularly strong increase of 30 % in local currency and 26 % in Swiss francs. 

Clariant today announced its Fourth Quarter 2021 and audited Full Year 2021 results. Following the independent investigation, the 2020 Full Year and quarterly results have been restated and the quarters of 2021 have been corrected accordingly. 

Clariant today announced that it has scheduled its Annual General Meeting (AGM) for 24 June 2022, and that with the closing of the AGM the Governance Agreement between Clariant and SABIC will expire. Both parties entered into the agreement on 17 September 2018 when SABIC became Clariant’s anchor shareholder.

Clariant today announced that it has concluded its previously announced investigation of accounting issues related to provisions and accruals. After reviewing the results of the investigation, the Board of Directors has determined the need for a restatement of the 2020 financial statements and corrections to the quarterly reporting of key financial data for 2020 and 2021.

Clariant today announced that the publication of its Fourth Quarter / Full Year 2021 results will be delayed due to an investigation into accounting issues related to certain provisions and accruals. As a consequence, the publication of the Integrated Report 2021 and the Annual General Meeting of shareholders (AGM) will be postponed beyond the scheduled dates.

Clariant today completed the sale of its Pigments business to a consortium of Heubach Group (“Heubach”) and SK Capital Partners (“SK Capital”). As announced upon signing of the transaction, the base enterprise value of the sale amounts to CHF 805 million subject to closing accounts adjustments and before a potential earn-out payment of CHF 50 million which is subject to the business’ 2021 financial performance.

Clariant today announces that it has signed definitive agreements to acquire BASF’s U.S. Attapulgite business assets for USD 60 million in cash, including the signing of a long-term supply agreement for attapulgite-based products to BASF. The acquisition is subject to customary closing conditions and is expected to close in summer 2022.

Clariant today will announce new 2025 financial targets at its Capital Markets Day associated with its new purpose-led strategy. Clariant expects to grow sales by 4-6 % annually, reach an EBITDA margin range of 19-21 % and generate a free cash flow conversion rate of around 40 % by 2025. 

Clariant today announced that the third quarter 2021 sales from continuing operations increased by a lofty 23 % in local currency and in Swiss francs to CHF 1.096 billion. Third quarter 2021 EBITDA margin increased to 16.4 % versus 14.2 % in the third quarter of 2020.

Clariant today announced that the second quarter 2021 sales from continuing operations increased by 12 % in local currency to CHF 1.032 billion. This corresponds to an 11 % improvement in Swiss francs. Strong growth in Care Chemicals and Catalysis accompanied the particularly positive sales expansion reported in Natural Resources. This expansion was achieved via higher volumes and positive pricing in all Business Areas.

The company has reached definitive agreements for the divestment of its Pigments business to a consortium of Heubach Group (“Heubach”) and SK Capital Partners (“SK Capital”) at an Enterprise Value (EV) of CHF 805 million to CHF 855 million on a cash and debt free basis, depending on an earn-out payment of CHF 50 million contingent on the 2021 financial performance of Clariant’s Pigments business. 

Clariant today completed the sale of its entire Masterbatches business to PolyOne. The divestment marks an important milestone for Clariant’s transformation into a focused specialty chemicals company.

At today’s Annual General Meeting in Basel, the shareholders of Clariant Ltd, a focused, sustainable and innovative specialty chemical company, approved all agenda items and resolutions proposed by the Board of Directors. Due to the ongoing situation with regard to the spread of the coronavirus, shareholders could not attend this year’s Annual General Meeting in person and could exercise their rights exclusively via the independent proxy. Overall, 222 864 693 shares or around 67.14 % of the share capital of Clariant were represented. 

Clariant today announces first quarter 2020 continuing operations sales of CHF 1.019 billion compared to CHF 1.164 billion in the first quarter of 2019.

Clariant, a focused and innovative specialty chemical company, today announced full year 2019 continuing operations sales of CHF 4.399 billion, compared to CHF 4.404 billion in 2018. This corresponds to organic growth of 3 % in local currency and is a stable development in Swiss francs due to unfavorable currency fluctuations. The sales increase in local currency was driven by the Business Areas Catalysis and Natural Resources and was supported by both higher volumes and pricing.
For the full year, almost all regions contributed to the sales growth in local currency. Sales expansion was most pronounced in Latin America with 13 % growth, followed by an 8 % increase in Asia. Sales in the Middle East & Africa rose by a solid 3 % and Europe grew by 1 %. Only North America reported a contraction of 5 %.