• 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
    Purdue’s Xiulin Ruan Develops World’s Whitest and Coolest Paint

    Aerospace Coatings

    Biocides Directory

    Lab & Testing Equipment Directory

    Europe’s Top Paintmakers Pull Themselves Up Further
    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
    AkzoNobel to Supply Porsche China with Complete Water-Based Refinish Range

    Evonik Earns ACC’s Sustainability Leadership Award

    Sandrine Garnier Joins ChemQuest as a Director

    Greenbuild Announces 2023 Keynote Speaker

    PPG’s New Paint for a New Start Initiative to Beautify Schools Worldwide with Colorful Makeovers
    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

    AkzoNobel to Supply Porsche China with Complete Water-Based Refinish Range

    PPG’s New Paint for a New Start Initiative to Beautify Schools Worldwide with Colorful Makeovers

    Powder Technology, Inc. Announces New Electrical Coating

    Dunn-Edwards Announces 2024 Color + Design Trends to Watch

    PPG Launches Low-temperature Cure Electrocoats for Automotive Manufacturers
    Additives
    Binders
    Pigments
    Solvents

    Evonik Earns ACC’s Sustainability Leadership Award

    Michelman Chosen as Inaugural Recipient of Innovation Research Interchange (IRI) Excellence Award

    American Chemistry Council Recognizes Covestro for Sustainability Leadership

    Evonik Introduces TEGO Rad 2550 Slip and Defoamer Additive

    Omya Extends Lightweight Fillers Portfolio with the Acquisition of Bublon
    Company Capabilities
    Buyers Guide
    Distributor Guide
    Add New Company
    International Buyers Guide Companies
    Shepherd Color Company, The

    Siltech Corporation

    W. R. Grace & Co.

    EPS

    Active Minerals
    Industry Events
    Webinars
    Live From Show Event
    Top Events
    Middle East Coatings Show

    2023 CoatingsTech Conference

    Greenbuild International Conference + Expo

    The Gulf Coatings Show

    Western Coatings Symposium 2023
    Companies
    White Papers/Tech Papers
    Product Spec Sheets
    Equipment
    Literature/Brochures
    Videos
    International Buyers Guide Companies
    Shepherd Color Company, The

    Siltech Corporation

    W. R. Grace & Co.

    EPS

    Active Minerals
    • 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
      • China Report
      • India/Asia Pacific Report
      • Europe Report
      • Latin America Report
      • Market Research
      • Russian Report
    • Top Companies
    • Online Exclusives
    • Glossary
    • 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 Commences 2017 with Strong Sales Growth, Significantly Improved Absolute EBITDA

    ...

    04.27.17
    Clariant has announced first quarter 2017 sales of CHF 1.602 billion compared to CHF 1.478 billion in the first quarter of 2016. This corresponds to an increase of 9 % in local currency and 8 % in Swiss francs. The sales growth was driven by higher volumes across all Business Areas and increased by 3 % due to acquisitions.

    In the first quarter, local currency sales growth was strong in Europe at 12 %, Asia at 11 % and the Middle East & Africa at 7 %, while North America grew by 11 % driven by acquisitions. The growth in Asia was supported by China and Southeast Asia. In Latin America, demand declined by 5 % in local currency against a strong comparable base and as a result of the weaker economic environment mainly in Brazil.

    Care Chemicals and Plastics & Coatings continued their robust growth trends. Care Chemicals sales rose by 9 % in local currency to CHF 440 million supported by growth in both the Consumer Care and the Industrial Applications businesses. Sales in Plastics & Coatings increased by 6 % in local currency to CHF 673 million with a particularly strong regional development in Europe.

    Natural Resources sales grew by 17 % in local currency and reached CHF 347 million, bolstered by acquisitions. In the difficult industry environment, the underlying Oil and Mining Services sales were slightly negative, but were helped by acquisitions. Functional Minerals continued its solid growth development. Sales in Catalysis were up by 2 % in local currency to CHF 142 million with a soft demand recovery in the Asian and European markets.

    The EBITDA before exceptional items significantly increased by 10 % in local currency and reached CHF 250 million, compared to CHF 229 million in the previous year. This absolute profitability improvement was driven by all Business Areas.

    As a result, the corresponding EBITDA margin before exceptional items increased to 15.6 % versus the previous year’s level of 15.5 %. All Business Areas delivered EBITDA margins in-line with expectations. Most Business Areas matched a strong previous year despite the lower contribution from the seasonal Refinery and Aviation businesses due to the milder winter.

    Clariant expects the uncertain environment, characterised 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
    • coatings
    • china
    • industrial
    • minerals
    Suggested For You
    Heubach Group Heubach Group
    Clariant Additives Clariant Additives
    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
    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 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
    Sika Achieves Record Results in 2016, Strategic Targets Raised Sika Achieves Record Results in 2016, Strategic Targets Raised

    Related Buyers Guide Companies

    • Heubach Group

      Heubach Group

      ...
      Zachary Hays, Regional Head of Marketing, Americas 10.14.22

    • Clariant Additives

      Clariant Additives

      ...
      Victoria Mitchell, Senior Strategic Communications Manager 09.29.22

    • 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

    Loading, Please Wait..
    Trending
    • Sherwin-Williams Leads Global Paints Brands In Value: Brand Finance
    • PPG Opens $30-Million Battery Pack Application Center In China
    • Metropolitan New York Coatings Association Hosts Annual Meeting
    • PPG Launches Low-temperature Cure Electrocoats For Automotive Manufacturers
    • Beckers Conducts First LCA Of UV/EB Coil Coatings
    Breaking News
    • AkzoNobel to Supply Porsche China with Complete Water-Based Refinish Range
    • Evonik Earns ACC’s Sustainability Leadership Award
    • Sandrine Garnier Joins ChemQuest as a Director
    • Greenbuild Announces 2023 Keynote Speaker
    • PPG’s New Paint for a New Start Initiative to Beautify Schools Worldwide with Colorful Makeovers
    View Breaking News >
    CURRENT ISSUE

    June 2023

      View More >

    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

    Women in Nutraceuticals Names Global Lead in India Ahead of Nutrify C-Suite Summit
    Batory Foods Acquires Tri-State Companies
    Blue Diamond, Brightseed Partner To Discover New Almond Bioactives
    Coatings World

    Latest Breaking News From Coatings World

    AkzoNobel to Supply Porsche China with Complete Water-Based Refinish Range
    Evonik Earns ACC’s Sustainability Leadership Award
    Sandrine Garnier Joins ChemQuest as a Director
    Medical Product Outsourcing

    Latest Breaking News From Medical Product Outsourcing

    Merit Medical Acquires AngioDynamics' Catheter Portfolio
    iCAD Strengthens Leadership Team
    HeartFlow's RoadMap Analysis Debuts in the U.S.
    Contract Pharma

    Latest Breaking News From Contract Pharma

    Quell Therapeutics, AstraZeneca Partner on Engineered Treg Cell Therapies
    Charles River, INADcure Collaborate on Gene Therapy Manufacturing
    Lotus Clinical Research, Trialogics Partner for Clinical Trial Software Services
    Beauty Packaging

    Latest Breaking News From Beauty Packaging

    Guerlain's 'Secret' Archive—the World's 1st Lipstick, Perfume, & Nivea Jar
    Mary Kay Supports Ocean Conservation & Coral Reef Protection
    TerraCycle and Wrinkles Schminkles Announce Recycling Program
    Happi

    Latest Breaking News From Happi

    Sabinsa Wins 2023 Technology Innovation Award in China for LactoSpore
    Cepsa Química’s Sustainable Lab Slashes Carbon Footprint Up to 80%
    CPL Aromas Launches 2022 Sustainability and Impact Reports
    Ink World

    Latest Breaking News From Ink World

    ITMA 2023 Opens with Mega Showcase of Innovative Solutions
    Kornit Digital Shows Enhanced Presto MAX at ITMA 2023
    Kornit Digital Unveils Apollo Platform, Enhanced Atlas MAX PLUS at ITMA 2023
    Label & Narrow Web

    Latest Breaking News From Label & Narrow Web

    AWT Labels & Packaging acquires ASL Print FX
    Avery Dennison announces new cohort of startups for AD Stretch Accelerator Program
    Appvion unveils new film label facestock
    Nonwovens Industry

    Latest Breaking News From Nonwovens Industry

    Rascal + Friends Expands Distribution with Walmart
    ITMA ASIA + CITME Announce Second Location
    Andritz Partnership with Pellenc ST and Nouvelles Fibres Enters New Phase
    Orthopedic Design & Technology

    Latest Breaking News From Orthopedic Design & Technology

    SurGenTec's TiLink-L SI Joint Implant Gains FDA Nod
    Orthopedic Prosthetic Market to Eclipse $3.39 Billion by 2030
    Osso VR Launches Virtual Reality Training Program
    Printed Electronics Now

    Latest Breaking News From Printed Electronics Now

    Sensirion Air Quality Sensors Harmonized with RESET Air Standard
    Identiv Introduces Industry’s First Battery-Free Metal Sensor IoT Devices
    Heliatek Joins European Solar PV Industry Alliance (ESIA)

    Copyright © 2023 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