Clariant: continuous improvement in profitability to 2025

(CercleFinance.com) - In the first nine months of 2024, sales totaled 3.
061bn CHF, down 4% organically in local currency (5% including scope in local currency) and by 8% in Swiss francs.

Group EBITDA fell by 5% y-o-y to 478m CHF. The corresponding margin increased by 50bp from 15.1% to 15.6%.

The group announced Q3 2024 sales of 991m CHF, down 1% in local currency (4% in Swiss francs) y-o-y.

The group reported Q3 EBITDA that fell by 13% to 139m CHF, with a corresponding margin of 14%? below the 15.4% margin recorded in Q3 2023.

For FY 2024, Clariant now expects a low-single-digit decline in sales in local currency. The reported EBITDA margin is expected to be around 16%. Savings from performance improvement programs are expected to reach 33m CHF in 2024.

Clariant reiterates its expectation that 2025 will be a year of continued profitability improvement. In 2025, based on an expected sales increase of 3% to 5% in local currency, Clariant expects to achieve an EBITDA margin of 17% to 18% and a FCF conversion rate of around 40%.


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