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Home  > Markets & companies  > Raw materials market  > Clariant with a good start into 2016

Monday, 16 September 2019
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Markets & companies, Raw materials market

Clariant with a good start into 2016

Friday, 29 April 2016

Clariant has announced first quarter 2016 sales from continuing operations of EUR1,347 billion compared to EUR1,335 billion in the first quarter of 2015. This corresponds to an increase of 3 % in local currencies. The sales growth was driven by higher volumes.

Clariant has its headquarters in Muttenz, Switzerland. Source: Thommy Weiss/pixelio.de

Clariant has its headquarters in Muttenz, Switzerland. Source: Thommy Weiss/pixelio.de

"Clariant had a good start into the year with solid sales growth and profitability improvement," said CEO Hariolf Kottmann. "All our business areas performed well in the current mixed global economic environment and significantly expanded their EBITDA margins. This positive development in all business areas was achieved by a positive mix effect in our higher margin Business Areas as well as the first impact of the differentiated business steering in Plastics & Coatings. For 2016, we are on track to achieve our targets despite the continued challenging economic environment."

Growth in the Americas was good

Growth in the Americas was good, with sales in local currencies up 11 % in Latin America and 4 % in North America. Europe was up 1 % in local currencies. Sales in the Middle East & Africa grew by 5 % in local currencies.

Lower growth came from the region of Asia. Sales decreased by 1 % in local currencies and were affected by a weak demand in China, which could not be compensated by the stronger demand of smaller economies in Asia.

The improved sales came primarily from higher growth in the Business Areas Care Chemicals and Plastics & Coatings.

Segment Plastics & Coatings

In Plastics & Coatings, sales in local currencies grew by 4 % to EUR582,5 million. The sales increase was experienced across all regions, but was primarily driven by emerging markets.

Though all Business Areas improved their margins compared to the previous year, the major contributors to the margin expansion came from the improvement in Plastics & Coatings as well as in Natural Resources and was mainly driven by a positive mix effect and the impact of the differentiated business steering in Plastics & Coatings.

Outlook 2016

Clariant expects the uncertain environment, characterized by a high volatility in commodity prices and currencies, to continue. In emerging markets, we anticipate the economic environment to remain challenging and with increased volatility; we expect moderate growth in the United States, while growth in Europe is expected to remain stable but weak.

For 2016, in spite of the increasingly challenging economic environment, Clariant is confident to achieve growth in local currencies, as well as progression in operating cash flow and EBITDA margin before exceptional items.

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