Clariant: sales down, profitability up

(CercleFinance.com) - Clariant announces Q1 sales of 1,014m CHF, down 16% y-o-y.


Meanwhile, EBITDA rose 4% to 173m CHF, with its EBITDA margin increasing from 13.9% to 17.1%.

The improvement in profitability is due to its performance programs and management of the profit margin in a deflationary environment. Our overall performance reflects stabilised volumes and lower prices against last year's strong comparison basis, management said.

For FY 2024, Clariant expects a further easing of the inflationary environment, although no economic recovery, with persistent macroeconomic uncertainties and risks.

Clariant therefore still expects low-single-digit local currency sales growth in 2024.


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