Clariant: bad chemical reaction to annual results
(CercleFinance.com) - Clariant shares are down 9% in Zurich this morning, following the publication of its 2024 results, which included underlying EBITDA that is up 3% to 663m CHF, i.
e. a margin that is up 1.4 point to 16%.
Sales for the specialty chemicals company were down 5% to 4.15bn CHF; in local currencies, they were down 3% on volumes down 1%, with a negative price effect of 2%.
A dividend of 0.42 CHF per share will be proposed at the AGM on 1 April. Clariant also confirms its 2025 outlook for modest growth, with an improvement in its underlying EBITDA margin.
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