• Login
    • Join
  • FOLLOW:
  • Subscribe Free
    • Magazine
    • eNewsletter
    Checkout
    • Magazine
    • News
    • Research
    • Markets & Technologies
    • Raw Materials
    • Top Companies
    • Directories
    • Jobs
    • Events
    • Microsites
    • More
  • Magazine
  • News
  • Research
  • Markets & Technologies
  • Raw Materials
  • Top Companies
  • Directories
  • Jobs
  • Events
  • Microsites
  • Current / Back Issues
    Features
    Business Corner
    Editorial
    Digital Edition
    eNewsletter Archive
    Our Team
    Editorial Guidelines
    Subscribe Now
    Advertise Now
    World Reports
    eBook
    Top Features
    Biocides Market Outlook - 2027

    Lab & Testing Equipment Directory

    Aerospace Coatings

    Resins Update

    Coatings World Q&A: Eileen Weber of allnex
    Breaking News
    Online Exclusives
    Distributor News
    Financial News
    Paint & Coatings Manufacturer News
    People In the News
    Price Increases
    Product News
    Raw Materials & Equipment
    Video Bites
    Suppliers News
    Live From Shows
    Top News
    ICP Receives ASC Innovation Award for Spray Foam That Meets Changing Environmental Regulations

    Pylon Coatings Uses Polygiene Biomaster & Verimaster for Antimicrobial Surface Protection

    Sto Corp. Recognized with Multiple Honors at the EIFS Hero Awards

    Powder Coatings Institute 2022 Scholarship Recipients Announced

    Adsil Announces Addition of Operation Manager
    Top Companies report
    Market Research
    White Papers / Tech Papers
    Technical Papers
    Product Spec Sheets
    World Reports
    Adhesives and Sealants
    Aerospace Coatings
    Architectural Coatings
    Automotive Coatings
    Automotive Refinish
    Business Operation
    Color Trends & Forecast
    Construction Chemicals
    Corrosion Control
    Industrial Coatings
    Laboratory Equipment
    Marine Coatings
    Market Trends & Forecast
    Powder Coatings
    Production Equipment
    Radcure Coatings
    Special Purpose Coatings
    Wood Coatings
    "Green" Coatings

    PPG Demos MOONWALK Refinish Paint Mixing System at Media Event

    Pylon Coatings Uses Polygiene Biomaster & Verimaster for Antimicrobial Surface Protection

    Powder Coatings Institute 2022 Scholarship Recipients Announced

    Adsil Announces Addition of Operation Manager

    Paul N. Gardner USA Offers New PosiTector GLS Gloss Meter
    Additives
    Binders
    Pigments
    Solvents

    The Shepherd Color Company Announces New President and Commercial Segment Leaders

    Birla Carbon to Present Sustainable Carbon-based Solutions at PaintIndia 2022

    BTC Europe, NXTLEVVEL Biochem to Distribute Biobased & Biodegradable Solvents in Europe

    Nouryon Issues 2021 Sustainability Report

    BASF to Increase Prices for Select Polyalcohols in North and South America
    Company Capabilities
    Buyers Guide
    Distributor Guide
    Add New Company
    International Buyers Guide Companies
    Siltech Corporation

    Active Minerals

    Clariant Additives

    Shepherd Color Company, The

    W. R. Grace & Co.
    Industry Events
    Webinars
    Live From Show Event
    Top Events
    PAINTINDIA 2022 Exhibition

    Southern Society for Coatings Technology Annual Meeting and Technical Conference

    UTECH Middle East/Africa Foam & Polyurethane Expo

    Surfex

    Middle East Coatings Show 2022
    Companies
    White Papers/Tech Papers
    Product Spec Sheets
    Equipment
    Literature/Brochures
    Videos
    International Buyers Guide Companies
    Siltech Corporation

    Active Minerals

    Clariant Additives

    Shepherd Color Company, The

    W. R. Grace & Co.
    • Magazine
      • Current / Back Issues
      • Features
      • Editorial
      • Business Corner
      • Digital Edition
      • eNewsletter Archive
      • Editorial Guidelines
      • Subscribe Now
      • Advertise Now
    • Breaking News
    • Directories
      • Buyers Guide
      • Distributor Guide
      • Corporate Capabilities
      • Trade Associations
      • Add Your Company
    • Markets & Technologies
      • Adhesives and Sealants
      • Aerospace Coatings
      • Architectural Coatings
      • Automotive Coatings
      • Automotive Refinish
      • Business Operation
      • Color Trends & Forecast
      • Construction Chemicals
      • Corrosion Control
      • Industrial Coatings
      • Laboratory Equipment
      • Marine Coatings
      • Market Trends & Forecast
      • Powder Coatings
      • Production Equipment
      • Radcure Coatings
      • Special Purpose Coatings
      • Wood Coatings
      • "Green" Coatings
    • Raw Materials
      • Additives
      • Binders
      • Pigments
      • Solvents
    • World Reports
      • Africa Report
      • India/Asia Pacific Report
      • China Report
      • Europe Report
      • Latin America Report
      • Market Research
      • Russian Report
    • Top Companies
    • Online Exclusives
    • Slideshows
    • Experts Opinions
    • Blog
    • eBook
    • Infographics
    • Videos
    • Podcasts
    • Whitepapers
    • Jobs
    • Microsites
      • Companies
      • White Papers/Tech Papers
      • Product Spec Sheets
      • Equipment
      • Literature/Brochures
      • Videos
    • Events
      • Industry Events
      • Live From Show Event
      • Webinars
    • About Us
      • About Us
      • Contact Us
      • Advertise With Us
      • Privacy Policy
      • Terms of Use
    Breaking News

    Clariant Continues to Grow in Sales and Profitability in the First Nine Months of 2016

    ...

    Related CONTENT
    • Clariant, BU Pigments
    • Clariant Increasing Pigment, Pigment Preparations Prices
    • Clariant Additives
    • Clariant and Huntsman to Combine in Merger of Equals
    • Clariant Debuts Full Color Ranges for Design and Industry Trends Plus Additives Portfolio at ECS
    10.27.16
    Clariant has announced its results for the first nine months of 2016. 

    “Clariant continues to grow both, sales and profitability in the first nine months of 2016,” said CEO Hariolf Kottmann. “The good performance reflects our excellent execution of our strategy in all our businesses to foster growth and improve returns despite the continued challenging economic environment. The advancement in the current year results from our focus on innovation by delivering more added value to our customers as well as continued cost discipline. The differentiated business steering in Plastics & Coatings continued to positively impact the profitability improvement. We are therefore on track to achieve our targets for the full year 2016.”  

    Nine Months 2016 – Further increase in sales and profitability
    Muttenz, October 27, 2016 - Clariant, a world leader in specialty chemicals, today announced nine months 2016 sales of CHF 4.299 billion compared to CHF 4.281 billion in 2015. This corresponds to a 2 % growth in local currency driven by higher volumes.

    Growth was strongest in Latin America, where sales grew by 7 % in local currency. In the Middle East & Africa, year-on-year sales were up 3 % in local currency. North America saw a decline of 3 % stemming from a lower demand in Catalysis and Natural Resources, while Asia grew at 4 % supported by a pick-up in China and Europe at a stable 1 % driven by volume increases.

    The improved business performance in the first nine months primarily stemmed from higher growth in Care Chemicals and Plastics & Coatings. In Care Chemicals, sales in local currency increased by 5 % to CHF 1 087 million. Sales in Catalysis declined by 8 % in local currency reaching CHF 442 million, due to a lower demand, particularly in North America which had a high comparable base against the previous year as well as due to continued soft demand in Asia.

    Sales in Natural Resources were stable in local currency and amounted to CHF 839 million despite the very difficult industry environment. There was a slight decline in Oil and Mining Services, whereas Functional Minerals continued to grow. In Plastics & Coatings, sales in local currency grew by 5 % to CHF 1.931 billion. The good sales performance in Plastics & Coatings was seen across all regions.

    The EBITDA before exceptional items rose by 5 % in local currency and reached CHF 652 million, compared to CHF 624 million in the previous year. The major contributor to the profitability improvement was Plastics & Coatings.

    The corresponding EBITDA margin before exceptional items of 15.2 % was significantly above the previous year’s level of 14.6 %. Plastics & Coatings and Natural Resources substantially improved EBITDA margins before exceptional items year-on-year. Catalysis was below the previous year’s level largely due to a weaker demand as some customers further delayed certain projects as well as portfolio mix effects.

    Third Quarter 2016 – Maintained progress in margin expansion
    In the third quarter of 2016, sales grew by 2 % in local currency to CHF 1.400 billion. Volumes were up by 3 % compared to the same period last year.

    On a regional level, sales growth was led by Asia, which recorded an increase of 8 % in local currency reflecting the improvement in China. Latin America grew 2 % in local currency. In the Middle East & Africa, sales declined by 4 % in local currency year-on-year and in North America by 5 %, stemming from the challenging business environment in Catalysis and Natural Resources. Europe grew at a stable 1 %, driven by volume increases.

    Care Chemicals delivered sales of CHF 337 million with a local currency sales growth of 4 %. In Plastics & Coatings, sales rose by 3 % in local currency to CHF 624 million, reflecting the good sales performance in each of the three businesses, Masterbatches, Pigments and Additives. Sales in Natural Resources were CHF 282 million up 1 % in local currency. Catalysis sales were lower by 8 % in local currency at CHF 157 million primarily due to a lower demand in North America.

    EBITDA before exceptional items was CHF 208 million versus CHF 207 million in the same time period last year.

    The EBITDA margin before exceptional items increased by 20 basis points to 14.9 % in the third quarter primarily driven by Plastics & Coatings which continued to see the positive impact from the differentiated business steering.

    Outlook – remains unchanged
    Clariant expects the uncertain environment, characterized by a high volatility in commodity prices and currencies, to continue. In emerging markets, we anticipate the economic environment to remain challenging and with increased volatility; we expect moderate growth in the United States, while growth in Europe is expected to remain stable but weak.

    For 2016, in spite of the increasingly challenging economic environment, Clariant is confident to achieve growth in local currency, as well as progression in operating cash flow and EBITDA margin before exceptional items.

    Clariant confirms its mid-term target of reaching a position in the top tier of the specialty chemicals industry. This corresponds to an EBITDA margin before exceptional items in the range of 16 % to 19 % and a return on invested capital (ROIC) above the peer group average. 
    Suggested For You
    Clariant, BU Pigments Clariant, BU Pigments
    Clariant Increasing Pigment, Pigment Preparations Prices Clariant Increasing Pigment, Pigment Preparations Prices
    Clariant Additives Clariant Additives
    Clariant and Huntsman to Combine in Merger of Equals Clariant and Huntsman to Combine in Merger of Equals
    Clariant Debuts Full Color Ranges for Design and Industry Trends Plus Additives Portfolio at ECS Clariant Debuts Full Color Ranges for Design and Industry Trends Plus Additives Portfolio at ECS
    Clariant Commences 2017 with Strong Sales Growth, Significantly Improved Absolute EBITDA Clariant Commences 2017 with Strong Sales Growth, Significantly Improved Absolute EBITDA
    Clariant Dives Deep into the Ocean to Forecast Trend Automotive Colors for 2019 Clariant Dives Deep into the Ocean to Forecast Trend Automotive Colors for 2019
    BASF Increases Prices for Ethanolamines in Europe BASF Increases Prices for Ethanolamines in Europe
    Clariant Significantly Increases Operating Cash Flow, Grows Sales and Profitability in 2016 Clariant Significantly Increases Operating Cash Flow, Grows Sales and Profitability in 2016
    Asian Paints Announces Q3-FY17 Financial Results Asian Paints Announces Q3-FY17 Financial Results
    BASF Increases Prices for Ethanolamines in Europe BASF Increases Prices for Ethanolamines in Europe
    Clariant Features Low Emission Technology at INDOMETAL 2016 Exhibition Clariant Features Low Emission Technology at INDOMETAL 2016 Exhibition
    Arkema Announces Q2 2016 Results Arkema Announces Q2 2016 Results
    Clariant Delivers Improved Operating Cash Flow, Higher Profitability in First Half of 2016 Clariant Delivers Improved Operating Cash Flow, Higher Profitability in First Half of 2016
    Clariant Announces Improved Sales, Increased Profitability in Q1 2016 Clariant Announces Improved Sales, Increased Profitability in Q1 2016

    Related Content

    • Clariant, BU Pigments

      Clariant, BU Pigments

      ...
      Zachary Hays, Regional Head of Marketing, Americas 10.29.21

    • Breaking News | Pigments | Price Increases
      Clariant Increasing Pigment, Pigment Preparations Prices

      Clariant Increasing Pigment, Pigment Preparations Prices

      Global price increase effective March 19, 2021.
      03.12.21

    • Clariant Additives

      Clariant Additives

      ...
      Victoria Mitchell, Senior Strategic Communications Manager 02.04.21


    • Additives | Breaking News | Industry News
      Clariant and Huntsman to Combine in Merger of Equals

      Clariant and Huntsman to Combine in Merger of Equals

      ...
      05.22.17

    • Breaking News | Color Trends & Forecast

      Clariant Debuts Full Color Ranges for Design and Industry Trends Plus Additives Portfolio at ECS

      ...
      05.15.17

      Trending
      • BEHR Launches COPPER FORCE Interior Paint
      • BEHR Launches COPPER FORCE Interior Paint | Coatings World
      • AkzoNobel and Partners Team Up to Hack Carbon Reduction Challenge
      • Sika Acquires United Gilsonite Laboratories
      • AkzoNobel And Partners Team Up To Hack Carbon Reduction Challenges | Coatings World
      Breaking News
      • ICP Receives ASC Innovation Award for Spray Foam That Meets Changing Environmental Regulations
      • Pylon Coatings Uses Polygiene Biomaster & Verimaster for Antimicrobial Surface Protection
      • Sto Corp. Recognized with Multiple Honors at the EIFS Hero Awards
      • Powder Coatings Institute 2022 Scholarship Recipients Announced
      • Adsil Announces Addition of Operation Manager
      View Breaking News >
      CURRENT ISSUE

      May 2022

      • Biocides Market Outlook - 2027
      • Lab & Testing Equipment Directory
      • Aerospace Coatings Market

      Cookies help us to provide you with an excellent service. By using our website, you declare yourself in agreement with our use of cookies.
      You can obtain detailed information about the use of cookies on our website by clicking on "More information”.

      • About Us
      • Privacy Policy
      • Terms And Conditions
      • Contact Us

      follow us

      Subscribe
      Nutraceuticals World

      Latest Breaking News From Nutraceuticals World

      Thorne Relaunches Gut Health Test with Microbiome Wipe
      Alkemist Labs Announces Alkemist Assured Seal and Next Generation Transparency Reports
      GC Rieber Foundations Expand Philanthropic Efforts
      Coatings World

      Latest Breaking News From Coatings World

      ICP Receives ASC Innovation Award for Spray Foam That Meets Changing Environmental Regulations
      Pylon Coatings Uses Polygiene Biomaster & Verimaster for Antimicrobial Surface Protection
      Sto Corp. Recognized with Multiple Honors at the EIFS Hero Awards
      Medical Product Outsourcing

      Latest Breaking News From Medical Product Outsourcing

      Medtronic, DaVita to Create New Kidney Care Firm
      OmniGuide's RevoLix HTL Hybrid Thulium Laser OK'ed for BPH and Stone Treatments
      In Vitro Diagnostic Medical Devices Regulation Takes Effect
      Contract Pharma

      Latest Breaking News From Contract Pharma

      DFE Pharma Opens India CoE for Fast-Track Formulation Services
      Helsinn Establishes New R&D Hub in the U.S.
      CureVac, myNEO Partner on Antigen Targets for mRNA-Cancer Vax Development
      Beauty Packaging

      Latest Breaking News From Beauty Packaging

      Carlyle To Acquire HCP Packaging
      Estée Lauder Companies Faces Class Action Lawsuit
      La Roche-Posay Launches Matte Moisturizer for Oily Skin
      Happi

      Latest Breaking News From Happi

      Spate Announces Launch of French Data, New Color Complexion Trends Report
      Gojo Creates New All-Weather Purell Dispenser Built for Outdoor High Traffic Locations
      Women in Flavor and Fragrance Present 2022 Recognition Awards Dinner June 16
      Ink World

      Latest Breaking News From Ink World

      NAPIM’s Virtual Digital & Emerging Technologies Conference is Back, June 14–15, 2022
      CEMATEX Introduces Online Business Platform to Connect Global Textile Community
      PICO Chemical Celebrates 46 Years
      Label & Narrow Web

      Latest Breaking News From Label & Narrow Web

      Teklynx software helps Top Clean Injection validate labels
      Zeller+Gmelin named Berry Global’s 2021 Ink Supplier of the Year
      Videojet and Loftware partner to accelerate labeling automation
      Nonwovens Industry

      Latest Breaking News From Nonwovens Industry

      Rael Raises $35M in Series B Funding
      Schobertechnologies Offers Rotary Web-fed Converting Solutions
      Thorne Relaunches Gut Health Test with Microbiome Wipe
      Orthopedic Design & Technology

      Latest Breaking News From Orthopedic Design & Technology

      ManaMed's ManaSport Wearable Ultrasound Earns FDA Nod
      Ekso Bionics Names Jerome Wong as Interim CFO
      Exactech Completes First Surgeries Using Next-Gen Cage Glenoid
      Printed Electronics Now

      Latest Breaking News From Printed Electronics Now

      ams OSRAM Introduces New Horticulture LEDs
      Avery Dennison Launches AD Twist U7XM Inlays
      ARPA-E Funding Drives Innovation, Industry Partnerships at NREL

      Copyright © 2022 Rodman Media. All rights reserved. Use of this constitutes acceptance of our privacy policy The material on this site may not be reproduced, distributed, transmitted, or otherwise used, except with the prior written permission of Rodman Media.

      AD BLOCKER DETECTED

      Our website is made possible by displaying online advertisements to our visitors.
      Please consider supporting us by disabling your ad blocker.


      FREE SUBSCRIPTION Already a subscriber? Login