27 July 2017
DETAILS
Net income grew by 20 % to CHF 153 million
EBITDA margin before exceptional items increased to 15.4 %
Operating cash flow was CHF 116 million
Sales increased by 9 % in local currency to CHF 3.132 billion
2017 outlook confirmed
Outlook 2017 – Continued progression in profitability
and operating cash flow generation
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.
Hariolf Kottmann
CEO Clariant
“Clariant delivered excellent top-line growth
and further expansion in profitability in the first half of the year,”
“Our good business performance was primarily achieved by
* the recovery in Catalysis and
the ongoing impact of the differentiated steering
* in Plastics & Coatings.
For 2017, we are confident that we will achieve our targets,
i.e. growth in local currency,
progression in operating cash flow,
absolute EBITDA and EBITDA margin before exceptional items
in spite of a temporarily weaker cash flow in the first half.”
CORPORATE MEDIA RELATIONS
JOCHEN DUBIEL
Phone +41 61 469 63 63
jochen.dubiel@clariant.com
THIJS BOUWENS
Phone +41 61 469 63 63
thijs.bouwens@clariant.com
INVESTOR RELATIONS
ANJA POMREHN
Phone +41 61 469 63 73
anja.pomrehn@clariant.com
MARIA IVEK
Phone +41 61 469 63 73
maria.ivek@clariant.com
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