• 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
    Active Minerals

    Clariant Additives

    W. R. Grace & Co.

    Pilot Chemical Company

    Shepherd Color Company, The
    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
    Active Minerals

    Clariant Additives

    W. R. Grace & Co.

    Pilot Chemical Company

    Shepherd Color Company, The
    • 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 Significantly Increases Operating Cash Flow, Grows Sales and Profitability in 2016

    ...

    Related CONTENT
    • Clariant, BU Pigments
    • Sika to Divest European Industrial Coatings Business to Sherwin-Williams
    • Clariant Completes Divestment Program, Reaches Agreement to Divest Pigments Business
    • Heubach, SK Capital to Drive Next Phase of Growth for Clariant’s Pigments Business
    • Clariant Increasing Pigment, Pigment Preparations Prices
    02.16.17
    Clariant has announced full year 2016 sales of CHF 5.847 billion compared to CHF 5.807 billion in 2015. This corresponds to a 2 % growth in local currency driven by higher volumes.

    For the full year, local currency growth was strongest in Asia and the Middle East & Africa at 4 %. In Asia the strong growth was mainly supported by China and India. In North America and Europe sales growth was 2 %. Latin America grew at a level of 1 %.

    The improved sales performance for the full year resulted from strong growth in Care Chemicals and Plastics & Coatings. In Care Chemicals, sales in local currency increased by 5 % to CHF 1 465 million. In Plastics & Coatings, sales in local currency progressed by 4 % to CHF 2 525 million. The good sales performance in Plastics & Coatings was seen across all regions.

    Despite the difficult market environment, sales in Natural Resources grew by 2 % in local currency and amounted to CHF 1 184 million. There was a decline in the Oil and Mining Services business which was compensated by acquisitions and the continued growth in Functional Minerals. Sales in Catalysis declined by 8 % in local currency, reaching CHF 673 million due to portfolio mix effects and lower demand in Asia and North America.

    EBITDA before exceptional items increased by 4 % in Swiss francs and reached CHF 887 million, compared to CHF 853 million in the previous year. The profitability improvement was driven by Care Chemicals and Plastics & Coatings.

    The corresponding EBITDA margin before exceptional items of 15.2 % was significantly above the previous year’s level of 14.7 % mostly due to a sharp increase in Plastics & Coatings. Margins in Care Chemicals and Natural Resources were stable and both delivered at the higher end of the respective margin guidance. As anticipated, Catalysis was below the previous year’s level largely due to lower demand in Asia and North America.

    Net income climbed to CHF 263 million from CHF 227 million in the previous year. The 16 % increase year-on-year resulted from the continued expansion in absolute EBITDA, lower finance costs and an improvement in the tax rate.

    Operating cash flow rose significantly by 29 % to CHF 646 million compared to CHF 502 million in the previous year. This improvement is primarily attributable to higher profit, lower cash out for exceptional items and lower income taxes paid.

    Net debt was CHF 1.540 billion compared to CHF 1.312 billion recorded at year-end 2015 as a result of the bolt-on acquisitions in 2016.

    The continued improvement in performance that Clariant achieved despite the difficult economic environment, allows the Board of Directors to propose a dividend of CHF 0.45 per share to the Annual General Meeting. This sum reflects an increase of 12.5 % compared to the previous year. The distribution is proposed to be made from the capital contribution reserve which is exempt from Swiss withholding tax.

    Fourth Quarter 2016 - Further progress in profitability
    In the fourth quarter of 2016, sales grew by 3 % in local currency to CHF 1.548 billion. Excluding acquisition effects in the Oil and Mining Services business, year-on-year sales were stable.

    On a regional level, sales grew at 6 % in Europe driven by volume increases. In the Middle East & Africa, sales were up 7 % in local currency. Asia grew at 4 % in local currency with further improvement in China. Latin America saw a decline of 17 % led by a weakening demand in Brazil, while North America advanced by 14 % in local currency as a result of the bolt-on acquisitions.

    Care Chemicals reported sales of CHF 378 million with local currency sales growth of 5 %. In Plastics & Coatings, sales rose by 3 % in local currency to CHF 594 million, with a strong sales performance in each of the three businesses Masterbatches, Pigments and Additives. Sales in Natural Resources were CHF 345 million, up 7 % in local currency. This growth was driven by Functional Minerals and acquisitions in the Oil and Mining Services business. Catalysis sales were 6 % lower in local currency to CHF 231 million, against a high comparable base in the previous year.

    EBITDA before exceptional items rose by 3 % in Swiss francs to CHF 235 million driven by the differentiated steering in Plastics & Coatings. As a result, the EBITDA margin before exceptional items increased to 15.2 % in the fourth quarter.

    Outlook 2017 – Continued progression in profitability and operating cash flow generation
    Clariant expects the uncertain environment, characterized by a high volatility in commodity prices, currencies as well as political uncertainties, to continue. In emerging markets, we anticipate the economic environment to remain challenging and volatile; we expect moderate growth in the United States, while growth in Europe is expected to remain stable.

    For 2017, in spite of a continued challenging economic environment, Clariant is confident to be able to achieve growth in local currency, as well as progression in operating cash flow, absolute EBITDA 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.
    Related Searches
    • minerals
    • china
    • environment
    • coatings
    Suggested For You
    Clariant, BU Pigments Clariant, BU Pigments
    Sika to Divest European Industrial Coatings Business to Sherwin-Williams Sika to Divest European Industrial Coatings Business to Sherwin-Williams
    Clariant Completes Divestment Program, Reaches Agreement to Divest Pigments Business Clariant Completes Divestment Program, Reaches Agreement to Divest Pigments Business
    Heubach, SK Capital to Drive Next Phase of Growth for Clariant’s Pigments Business Heubach, SK Capital to Drive Next Phase of Growth for Clariant’s Pigments Business
    Clariant Increasing Pigment, Pigment Preparations Prices Clariant Increasing Pigment, Pigment Preparations Prices
    Bühler Reports 2020 Annual Results Bühler Reports 2020 Annual Results
    Clariant Additives Clariant Additives
    Performance Enhancing Additives Performance Enhancing 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 Introduces Hostatint UV Range for Easy & Safe Coloration of Radiation Cured Coating Systems Clariant Introduces Hostatint UV Range for Easy & Safe Coloration of Radiation Cured Coating Systems
    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
    Clariant Pioneers Easy Application for Biocide-Free Mineral Paints Clariant Pioneers Easy Application for Biocide-Free Mineral Paints
    Clariant Publishes Integrated Report 2016 Clariant Publishes Integrated Report 2016

    Related Content

    • Clariant, BU Pigments

      Clariant, BU Pigments

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

    • Breaking News | Industrial Coatings | Paint & Coatings Manufacturer News
      Sika to Divest European Industrial Coatings Business to Sherwin-Williams

      Sika to Divest European Industrial Coatings Business to Sherwin-Williams

      Business segment generated sales of approximately $70 million.
      08.20.21

    • Breaking News | Industry News | Pigments
      Clariant Completes Divestment Program, Reaches Agreement to Divest Pigments Business

      Clariant Completes Divestment Program, Reaches Agreement to Divest Pigments Business

      Definitive agreements signed by a consortium of Heubach Group and SK Capital Partners to acquire Clariant’s Pigments business.
      06.15.21


    • Breaking News | Industry News | Pigments
      Heubach, SK Capital to Drive Next Phase of Growth for Clariant’s Pigments Business

      Heubach, SK Capital to Drive Next Phase of Growth for Clariant’s Pigments Business

      The combined business will operate under the Heubach name, creating a global pigments leader generating more than €900 million ($1.09 billion) in annual sales.
      06.14.21

    • 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

      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