• 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
    Mixing Equipment Directory

    The Wood Coatings Market

    Antimicrobial Coatings Market

    Additives Update

    Pigment Supplier Directory
    Breaking News
    Online Exclusives
    Distributor News
    Financial News
    Paint & Coatings Manufacturer News
    People In the News
    Price Increases
    Product News
    Video Bites
    Raw Materials & Equipment
    Suppliers News
    Live From Shows
    Top News
    Maroon Group Acquires Cary Company's Raw Materials, Specialty Chemicals Distribution Business

    Matt Fogel Named Mule-Hide's Territory Manager – Southern Virginia

    Benjamin Moore Launches COMMAND

    AOC Announces EMEA Price Increase

    Mule-Hide Products Co. Introduces Seal-Fast Liqui-Flash
    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

    Benjamin Moore Launches COMMAND

    Mule-Hide Products Co. Introduces Seal-Fast Liqui-Flash

    IFS Coatings Breaks Ground on 70,000-Square-Foot Expansion

    Conversation with Henning Kreis of Zeppelin Systems

    Nippon Paint Marine Wins Korea Export Award
    Additives
    Binders
    Pigments
    Solvents

    AOC Announces EMEA Price Increase

    OQ Chemicals Increases Carboxylic Acids, Esters Prices

    Arkema Reports Full-year 2020 Results

    New Increase in Kynar Fluoropolymer Capacities at Arkema's Chinese Site

    Emerald Kalama Chemical Acquired by LANXESS
    Buyers Guide
    Company Capabilities
    Distributor Guide
    Add New Company
    International Buyers Guide Companies
    Pilot Chemical Company

    Siltech Corporation

    Eagle Specialty Products

    Keim Additec Surface USA LLC

    Clariant Additives
    Industry Events
    Webinars
    Live From Show Event
    Top Events
    Surface Finishing Mexico 2021

    Cleveland Coatings Society Zoom Meeting

    Cleveland Coatings Society Zoom Meeting

    PCI Powder Coating Week

    Southern Society for Coatings Technology Annual Meeting and Technical Conference
    Companies
    White Papers/Tech Papers
    Product Spec Sheets
    Equipment
    Literature/Brochures
    Videos
    International Buyers Guide Companies
    Clariant Additives

    Active Minerals

    Pilot Chemical Company

    Keim Additec Surface USA LLC

    Siltech Corporation
    • 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
    • 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 Delivers Further Progression in Sales, EBITDA in the First Nine Months of 2018

    ...

    Clariant Delivers Further Progression in Sales, EBITDA in the First Nine Months of 2018
    Related CONTENT
    • Clariant
    • Clariant Additives
    • Clariant Confirmed as Sponsor, Speaker at The European Biopolymer Summit 2019
    • Clariant CleanTech Award for Young Scientists
    • Clariant Updates Strategy, Financial Outlook and Enters Governance Agreement with SABIC
    11.02.18
    Clariant announced nine months 2018 sales of CHF 4.994 billion compared to CHF 4.698 billion in 2017. This corresponds to six percent growth in local currency and in Swiss francs which was supported by both higher volumes and pricing. Contributions from all Business Areas bolstered the 6 percent organic sales growth in local currency.
     
    “In the first nine months of the year, Clariant has delivered strong sales and EBITDA,” CEO Ernesto Occhiello said. “Going forward, we will focus on growth and cost awareness, while emphasizing to an even greater extent customer-specific, technologically advanced applications and enhancing operating efficiencies. In addition, the implementation of the recently announced portfolio changes will further fuel substantial profitability progression.”
     
    Most regions contributed to the sales growth. Latin America reported the strongest growth of 13 percent in local currency. In Asia, sales rose by a robust nine percent mainly driven by China and India. Sales in North America grew by 6 percent on the heels of strong expansion during the same time period in 2017. In Europe, sales advanced by a solid four percent. Only the Middle East & Africa, the Group’s smallest geographic region, reported a slight sales decrease of three percent.
     
    Care Chemicals and Catalysis both reported continued brisk demand momentum. Sales in Care Chemicals advanced by nine percent in local currency driven by both Consumer Care and Industrial Applications. Despite a high comparable bar, Catalysis sales climbed significantly by 12 percent in local currency with a good organic sales growth of eight percent.
     
    Natural Resources reported seven percent higher sales in local currency which reflects the improving oil environment. In Plastics & Coatings, sales progressed by three percent in local currency despite a strong comparable base. All three Business Units contributed to this progression.
     
    EBITDA before exceptional items rose by seven percent and reached CHF 765 million compared to CHF 717 million in the previous year. This improvement was driven by the positive development in Care Chemicals and Plastics & Coatings.
     
    The corresponding EBITDA margin before exceptional items remained robust at 15.3 percent.

    In the third quarter of 2018, sales rose by five percent in local currency to CHF 1.605 billion mainly due to price increases. Sales growth in Swiss francs was two percent given the adverse currency impact in the quarter. The strong sales progression in Care Chemicals and Natural Resources contributed most to this advancement.
     
    Most geographic regions added to the growth. Sales in Latin America progressed by 14 percent, while North America and Europe both grew sales by five percent. Sales in Asia improved three percent in local currency year-on-year. China softened in the third quarter but continued to develop well against a strong comparable base in the third quarter of 2017. Only the smallest region, Middle East & Africa, reported a minor sales contraction of one percent.
     
    Sales in Natural Resources climbed by 14 percent supported by a notable demand uptake in the Oil & Mining Services business and an ongoing positive development in Functional Minerals. In Care Chemicals, sales rose by eight percent in local currency while Plastics & Coatings grew sales by two percent underpinned primarily by the Pigments and Additives Business Units. Sales in Catalysis decreased by four percent against a record quarter in the same period in the previous year.
     
    EBITDA before exceptional items rose by three percent to CHF 241 million primarily due to the strong contributions from Care Chemicals and Plastics & Coatings. The corresponding EBITDA margin before exceptional items remained at a solid 15 percent.
     
    Clariant expects the economic environment in mature markets, which represent a high comparable base, to remain solid, albeit growing at a slower pace. Emerging markets are expected to remain broadly supportive.
     
    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.
     
    Going forward, as announced in September, Clariant expects to improve its performance as a result of further operational progression and the accelerated reshaping of its portfolio through the divestment of Pigments, standard Masterbatches and Medical Specialties as well as the creation of the new Business Area High Performance Materials.
    Related Searches
    • minerals
    • china
    • coatings
    • environment
    Suggested For You
    Clariant Clariant
    Clariant Additives Clariant Additives
    Clariant Confirmed as Sponsor, Speaker at The European Biopolymer Summit 2019 Clariant Confirmed as Sponsor, Speaker at The European Biopolymer Summit 2019
    Clariant CleanTech Award for Young Scientists Clariant CleanTech Award for Young Scientists
    Clariant Updates Strategy, Financial Outlook and Enters Governance Agreement with SABIC Clariant Updates Strategy, Financial Outlook and Enters Governance Agreement with SABIC
    Clariant Included in 2018 Dow Jones Sustainability Index Clariant Included in 2018 Dow Jones Sustainability Index
    SABIC Completes Purchase of 24.99% Stake in Clariant SABIC Completes Purchase of 24.99% Stake in Clariant
    Clariant Debuts Striking Shade for Transforming Applications at Aluminium 2018 Clariant Debuts Striking Shade for Transforming Applications at Aluminium 2018
    High Performance Pigments Market High Performance Pigments Market
    Clariant Expands Partnership with Lintech International in the U.S. Clariant Expands Partnership with Lintech International in the U.S.
    Clariant Breaks Ground on JV Production Site in Cangzhou, China Clariant Breaks Ground on JV Production Site in Cangzhou, China
    Clariant Inaugurates New Additives Production Facilities in China Clariant Inaugurates New Additives Production Facilities in China
    Clariant Launches Formulation Ingredients for Ecolabel Certified Architectural Paints Clariant Launches Formulation Ingredients for Ecolabel Certified Architectural Paints
    Mexico Surfactant Investors May Face  Feedstock Uncertainty Mexico Surfactant Investors May Face Feedstock Uncertainty

    Related Breaking News

    • Breaking News | Distributor News
      Maroon Group Acquires Cary Company

      Maroon Group Acquires Cary Company's Raw Materials, Specialty Chemicals Distribution Business

      The management team, led by Brian Ehlert, will continue to actively manage the business on a day-to-day basis and will remain located in Chicago.
      Anthony Locicero, Associate editor 03.04.21

    • Breaking News | People in the News
      Matt Fogel Named Mule-Hide

      Matt Fogel Named Mule-Hide's Territory Manager – Southern Virginia

      Fogel will be the company’s lead contact with area contractors.
      Anthony Locicero, Associate editor 03.04.21

    • Breaking News | Product news | Special Purpose Coatings
      Benjamin Moore Launches COMMAND

      Benjamin Moore Launches COMMAND

      Newest addition to the Corotech line of high-performance coatings for commercial and industrial spaces.
      Anthony Locicero, Associate editor 03.03.21


    • Breaking News | Industry News
      Nouryon Agrees to Divest Salt Specialties Business to Salins Group

      Nouryon Agrees to Divest Salt Specialties Business to Salins Group

      The acquisition includes three locations for the packing and distribution of specialty salt.
      Anthony Locicero, Associate editor 03.03.21

    • Breaking News | Paint & Coatings Manufacturer News | Powder Coatings
      IFS Coatings Breaks Ground on 70,000-Square-Foot Expansion

      IFS Coatings Breaks Ground on 70,000-Square-Foot Expansion

      Located next to the company's current headquarters and an IFS manufacturing plant in Gainesville, Texas.
      Anthony Locicero, Associate editor 03.03.21

    • Adhesives and Sealants | Breaking News | Product news
      Mule-Hide Products Co. Introduces Seal-Fast Liqui-Flash

      Mule-Hide Products Co. Introduces Seal-Fast Liqui-Flash

      Polyurethane roofing sealant designed for challenging applications, the company said.
      Anthony Locicero, Associate editor 03.03.21


    • Additives | Breaking News | Price Increases
      AOC Announces EMEA Price Increase

      AOC Announces EMEA Price Increase

      The price increase will take immediate effect for all new orders or as soon as contracts allow, according to AOC.
      Anthony Locicero, Associate editor 03.03.21

    • Breaking News | People in the News
      PPG Appoints John Stephenson as Director, Acquisition Integration

      PPG Appoints John Stephenson as Director, Acquisition Integration

      Stephenson is responsible for the overall integration of PPG acquisitions.
      Anthony Locicero, Associate editor 03.02.21

    • Breaking News | Financial News
      Hempel Reports 2020 Annual Results

      Hempel Reports 2020 Annual Results

      The company grew its revenue to €1,542 million in 2020.
      Anthony Locicero, Associate editor 03.02.21


    • Breaking News | Paint & Coatings Manufacturer News
      AkzoNobel Completes Titan Paints Acquisition

      AkzoNobel Completes Titan Paints Acquisition

      Includes three production facilities and seven logistics and service centers for decorative paint.
      Anthony Locicero, Associate editor 03.02.21

    • Breaking News | Distributor News
      Terra Firma, Wanhua Announce New Distribution Partnership

      Terra Firma, Wanhua Announce New Distribution Partnership

      Terra Firma will be representing Wanhua's line of aliphatic isocyanates technologies in the former's Southeastern geography.
      Anthony Locicero, Associate editor 03.02.21

    • Breaking News | People in the News
      Mule-Hide Products Co. Promotes Steven Litaker to Territory Manager

      Mule-Hide Products Co. Promotes Steven Litaker to Territory Manager

      Litaker will cover the newly created West Central and Southwest Florida territory.
      Anthony Locicero, Associate editor 03.02.21


    • Breaking News | People in the News
      Gelest CEO Elected to National Academy of Engineering

      Gelest CEO Elected to National Academy of Engineering

      Election to the NAE is “among the highest professional distinctions accorded to an engineer," according to the organization.
      Anthony Locicero, Associate editor 03.01.21

    • Breaking News | People in the News
      PPG Appoints Tony Wu as VP, Automotive Refinish, Asia

      PPG Appoints Tony Wu as VP, Automotive Refinish, Asia

      Will succeed Pauline Yuen, who has announced her intent to retire, effective March 19.
      Anthony Locicero, Associate editor 03.01.21

    • Breaking News | People in the News
      PPG Appoints John Bruno as VP, Investor Relations

      PPG Appoints John Bruno as VP, Investor Relations

      Had served as CFO for the Asia Pacific region and director, investor relations before this promotion.
      Anthony Locicero, Associate editor 03.01.21

    Trending
    • AkzoNobel Completes Titan Paints Acquisition
    • Hempel Announces Global Price Increase
    • Nouryon Agrees To Divest Salt Specialties Business To Salins Group
    • Raw Material Price Increases Pile Pressure On Paint Manufacturers
    • AkzoNobel Kicks Off Paint The Future Startup Challenge In China
    Breaking News
    • Maroon Group Acquires Cary Company's Raw Materials, Specialty Chemicals Distribution Business
    • Matt Fogel Named Mule-Hide's Territory Manager – Southern Virginia
    • Benjamin Moore Launches COMMAND
    • Nouryon Agrees to Divest Salt Specialties Business to Salins Group
    • IFS Coatings Breaks Ground on 70,000-Square-Foot Expansion
    View Breaking News >
    CURRENT ISSUE

    February 2021

    • Mixing Equipment Directory
    • The Wood Coatings Market
    • Antimicrobial Coatings Market
    • 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

    IFT Transitions 2021 Annual Event to Digital Experience
    NY Federal Judge Enters Permanent Injunction Against Dietary Supplement Manufacturer
    Statins May Contribute to Vascular Calcification by Inhibiting Vitamin K-Dependent Proteins
    Coatings World

    Latest Breaking News From Coatings World

    Chromaflo Technologies Adds Benjamin Woeste as Territory Sales Manager
    Maroon Group Acquires Cary Company's Raw Materials, Specialty Chemicals Distribution Business
    Matt Fogel Named Mule-Hide's Territory Manager – Southern Virginia
    Medical Product Outsourcing

    Latest Breaking News From Medical Product Outsourcing

    EchoNous Expands Its Kosmos Hardware Platform
    Medtronic Begins Trial to Assess Novel Ablation Tech to Treat AFib
    Europe's Cross-Border Medtech Deal Activity Rises in Q4 2020
    Contract Pharma

    Latest Breaking News From Contract Pharma

    Amgen to Acquire Five Prime Therapeutics for $1.9B
    Genesis Drug Discovery & Development Acquires Integrated Analytical Solutions
    CureVac, Novartis Ink COVID Vax Mfg. Pact
    Beauty Packaging

    Latest Breaking News From Beauty Packaging

    Estée Lauder Establishes Equity and Engagement Center of Excellence
    L'Oreal On How It Will Shape Beauty's Future at Today's Transparency Summit
    C.O. Bigelow Earns Praise as NYC's Oldest Family-Run Apothecary
    Happi

    Latest Breaking News From Happi

    Avon Launches Vegan Skin Care Line
    Inolex Appoints VP Marketing
    Decorté Launches AI Diagnostics in US
    Ink World

    Latest Breaking News From Ink World

    Massilly North America Adds Koenig & Bauer MetalStar 3 Metal Decorating Press
    Hydrocarbon Solvents Market to Surpass $8.1 Billion by 2030
    Access Direct Mail Doubles Revenue with SCREEN's Truepress Jet520HD
    Label & Narrow Web

    Latest Breaking News From Label & Narrow Web

    Henkel publishes 30th Sustainability Report
    Avery Dennison Smartrac launches new Circus Pro inlays
    Springfield Solutions highlights digital label embellishments
    Nonwovens Industry

    Latest Breaking News From Nonwovens Industry

    FPInnovations Develops Biodegradable Mask
    Sani Professional Sanitizing and Disinfecting Products Approved by EPA
    Autefa Solutions Offers Fully Automated Line for Protective Mask Production
    Orthopedic Design & Technology

    Latest Breaking News From Orthopedic Design & Technology

    Bioventus Appoints Managing Director, China and Asia Pacific
    Full-Year Sales Down 12 Percent at Zimmer Biomet
    Lincotek Medical Expands Coatings and Additive Capacity
    Printed Electronics Now

    Latest Breaking News From Printed Electronics Now

    Comercial Kywi Improves Customer Service, Front-Store Operations with Zebra Mobile Solution
    Global Printed Circuit Board Market Projected to Reach $69.32 Billion by 2027
    Global Smart Glass Market to Register 6.8% CAGR Between 2021-28: Grand View Research

    Copyright © 2021 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