Clariant AG ( (CLZNF) ) has realeased its Q3 earnings. Here is a breakdown of the information Clariant AG presented to its investors.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Clariant AG is a Switzerland-based specialty chemical company that focuses on sustainability by offering solutions across its three main business units: Care Chemicals, Catalysts, and Adsorbents & Additives.
Clariant’s third quarter of 2024 showed a slight decrease in sales by 1% in local currency, totaling CHF 991 million. Despite the challenging market environment, the company maintained stable pricing and volume growth in Adsorbents & Additives and Care Chemicals, though Catalysts volumes declined.
Key financial metrics revealed that Clariant’s EBITDA margin before exceptional items slightly decreased to 15.6% from 15.9% in the previous year, while the reported EBITDA margin fell to 14.0% due to lower Catalysts volumes and restructuring charges. Lucas Meyer Cosmetics, a recent acquisition, contributed positively to the Group’s sales, with integration progressing smoothly.
Looking ahead, Clariant anticipates a low single-digit decline in local currency sales for 2024 amid persistent macroeconomic challenges. However, the company expects to maintain a reported EBITDA margin of around 16% and remains committed to its medium-term targets, projecting improved profitability by 2025.
