Clariant: results at half-mast in 2023

(CercleFinance.com) - Clariant has reported Q4 sales of 1,062m CHF, down 20% y-o-y.


EBITDA came to 106m CHF, down 31%, with its margin reduced to 10% from 11.6% a year earlier.

Clariant recorded FY sales of 4,377m CHF, down 16%, for EBITDA of 607m CHF (-25%).

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

Clariant therefore expects low-single-digit sales growth in local currency. Reported EBITDA margin should improve to around 15%, and cost savings from restructuring programs should yield 25m CHF in 2024, the chemical industry company estimates.


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