CLARIANT GROWS SALES AND IMPROVES UNDERLYING PROFITABILITY IN 2019 Donnerstag, 13. Februar 2020 - 07:00
- Sales from continuing operations grew by 3 % in local currency to CHF 4.399 billion
- Continuing operations EBITDA before exceptional items unchanged at CHF 740 million, corresponding to a 16.8 % margin
- Continuing operations EBITDA (excl. European Commission provision) rose to CHF 692 million, corresponding to a 15.7 % margin
- Net result for the total Group at CHF 38 million
- Operating cash flow declined to CHF 509 million
- Proposed unchanged dividend of CHF 0.55 per share
- Outlook: Focused portfolio to achieve above-market growth, higher profitability and stronger cash generation, supported in 2020 by selective efficiency measures in the businesses
“In 2019, we made a significant step forward in our strategy to focus on our specialty businesses. We reshaped our portfolio and, in a difficult environment, achieved a further increase in sales and a solid margin improvement, which clearly proves the resilience of our businesses,” said Hariolf Kottmann, Executive Chairman of Clariant. “Given that we expect the sluggish economic environment to continue in 2020, we have launched selective efficiency measures in all our businesses to further support the increase in profitability.”
Clariant published its Full Year Results 2019 on 13 February 2020.
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- CLARIANT GROWS SALES AND IMPROVES UNDERLYING PROFITABILITY IN THE FIRST NINE MONTHS OF 2019
- Sales from continuing operations grew by 3 % in local currency to CHF 3.272 billion in the first nine months of 2019
- Continuing operations EBITDA after exceptional items (excl. European Commission provision) resilient at CHF 484 million
- Corresponding EBITDA margin at 14.8 % vs. 14.7 % previous year
- Outlook 2021: Focused portfolio to achieve above-market growth, higher profitability and stronger cash generation
“Our nine months results reflect the resilience and quality of our continuing businesses, in particular in light of the worsening economic environment in the third quarter,” said Hariolf Kottmann, Executive Chairman of Clariant. “Looking forward, we will continually improve our performance through further operational improvement initiatives and the systematic implementation of our portfolio strategy to focus on higher value specialty businesses.”
Clariant published its Nine Months Figures 2019 on 30 October 2019.
CONFERENCE CALL AND WEBCASTA live audio webcast and conference call took place the same day at 3 pm CET.
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9M 2019 CONFERENCE CALL PODCAST