Browse the most recent issues of Coatings World Magazine, featuring timely insights and industry-leading analysis.
Access the interactive digital version of the magazine with multimedia enhancements and exclusive online features.
Join a global community of coatings professionals—subscribe to receive the magazine in print or digital formats.
Promote your brand to decision-makers across the global coatings value chain with targeted advertising options.
Review our standards for submitting articles and technical content to ensure alignment with editorial goals.
Understand how your data is collected, stored, and used when interacting with Coatings World Magazine.
Immediate updates on significant industry developments.
News from major and regional paint and coatings producers.
Updates from raw material and equipment suppliers.
Leadership changes and notable appointments.
Mergers, acquisitions, and earnings reports across the industry.
Data-driven insights into regional and global coatings markets.
Interviews with executives, innovators, and influencers in the coatings sector.
Explore long-form articles and special reports that analyze trends, technologies, and business strategies in coatings.
Recurring editorial pieces offering expert perspectives and commentary on regulatory, sustainability, and R&D topics.
Access original interviews, Q&As, and insights that offer a deeper understanding of key industry developments.
Industry leaders weigh in on technical advancements, market challenges, and future opportunities.
Explore color trend predictions and their influence on coatings design, formulation, and application.
Profiles and rankings of the world’s leading coatings manufacturers and suppliers.
Comprehensive resource for locating suppliers of coatings materials and services.
Connect with distributors of raw materials, packaging, and equipment.
Showcase your company’s services, products, and expertise.
Look up definitions for key terms and concepts used across the coatings industry.
Full-length videos covering events, innovations, and thought leadership.
Short-form video interviews offering quick updates and takeaways.
Audio interviews and discussions with industry experts and insiders.
In-depth digital publications on coatings technologies and trends.
Research-backed documents examining industry challenges and solutions.
Informational materials highlighting products, services, and companies.
Company-sponsored articles offering valuable insights, case studies, and product applications.
Company announcements, product launches, and business developments from across the coatings sector.
Search for career opportunities in the coatings industry and connect with hiring companies.
What are you searching for?
February 14, 2018
By: Anthony Locicero
Copy Editor, New York Post
Clariant announced full year 2017 sales of CHF 6.377 billion compared to CHF 5.847 billion in 2016. This corresponds to nine percent growth in local currency driven by double-digit gains in Catalysis and Natural Resources. The strong organic growth amounted to six percent, driven by higher volume contributions by all business areas. For the full year, sales growth in local currency was strongest in Asia, the Middle East & Africa and Europe. Sales in Asia rose by 12 percent, lifted by a sales development in China, Southeast Asia and Japan. Sales growth in the Middle East & Africa was 15 percent and seven percent in Europe. Sales in North America also increased by 11 percent mainly driven by acquisitions. Latin American sales were flat, however, showing signs of improvement in the second half of the year in an ongoing challenging macroeconomic environment. The improved sales performance for the full year resulted from growth in all Business Areas. Both Care Chemicals and Catalysis reported particularly strong expansion. Sales in Care Chemicals rose by eight percent in local currency supported by vigorous Consumer Care and Industrial Applications businesses. Catalysis sales improved by an excellent 13 percent with positive contributions from all business lines. Natural Resources sales accelerated by 14 percent, mainly lifted by the Kel-Tech and X-Chem acquisitions in North America. Organic sales in Natural Resources grew by three percent driven by the solid growth in Functional Minerals and the beginning recovery of the Oil & Mining Services business. In Plastics & Coatings, sales rose by five percent with sales expansion in all three business units and particular strength in China. EBITDA before exceptional items rose by 10 percent in Swiss francs and reached CHF 974 million, compared to CHF 887 million in the previous year. The absolute profitability improvement was attributable to the positive developments in all business areas. The corresponding EBITDA margin before exceptional items advanced to 15.3 percent. Net income climbed by 15 percent in Swiss francs to CHF 302 million from CHF 263 million in the previous year. This increase was supported by the improvement in absolute EBITDA before exceptional items as well as lower finance costs which could offset the one-off costs and higher tax expenses. Operating cash flow declined to CHF 428 million due to temporarily higher cash out for one-off costs and higher net working capital as a result of brisk demand late in the fourth quarter of 2017 and the anticipated strong demand in the first quarter of 2018, especially in Catalysis. Net debt remained stable at CHF 1.539 billion versus CHF 1.540 billion recorded at year-end 2016. The continued improvement in performance allows the Board of Directors to propose a dividend of CHF 0.50 per share to the Annual General Meeting. This sum reflects an increase of 11 percent compared to the previous year. This distribution is proposed to be made from the capital contribution reserve which is exempt from Swiss withholding tax. Fourth Quarter 2017 – Further expansion in sales and profitability In the fourth quarter of 2017, sales rose by six percent in local currency to CHF 1.679 billion. This expansion resulted from sales improvements in all Business Areas. Organic sales growth was five percent in local currency. Almost all regions contributed to the growth. In Asia, sales in local currency grew by 10 percent with a continuous strong development in China. Sales in Europe increased by six percent in local currency and in the Middle East & Africa by 11 percent in local currency. In the Americas, the picture was mixed. Though North America was slightly negative, Latin America showed a notable recovery and rose by seven percent in local currency. Sales in Care Chemicals climbed by seven percent in local currency mainly as a result of higher volumes which were supported by some pricing improvements. Catalysis sales moved up by a percent due to forward product shifts from the fourth to the third quarter. Natural Resources sales increased by five percent in local currency with positive contributions from both Functional Minerals and the Oil & Mining Services businesses. Plastics & Coatings sales accelerated by eight percent with all three business units contributing to the growth. EBITDA before exceptional items climbed by nine percent in Swiss francs to CHF 257 million from CHF 235 million in the previous year driven by the improvement in Care Chemicals and Natural Resources as well as by a continuing solid contribution from Plastics & Coatings. As a result, the EBITDA margin before exceptional items on Group level increased from 15.2 percent to 15.3 percent. Outlook – Continued progression in growth, profitability improvement and operating cash flow generation Clariant expects the good economic environment in mature markets, which represent a high comparable base, to continue. Emerging markets are expected to be supportive with Latin America showing signs of a recovery. For 2018, 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 16-19 percent and a return on invested capital (ROIC) above the peer group average.
Enter your account email.
A verification code was sent to your email, Enter the 6-digit code sent to your mail.
Didn't get the code? Check your spam folder or resend code
Set a new password for signing in and accessing your data.
Your Password has been Updated !