CLARIANT SIGNIFICANTLY INCREASED PROFITABILITY IN THE SECOND QUARTER OF 2021 ON THE BACK OF DOUBLE-DIGIT SALES GROWTH Donnerstag, 29. Juli 2021 - 07:03
AD HOC ANNOUNCEMENT PURSUANT TO ART. 53 LR
- Second quarter 2021 sales from continuing operations increased by 12 % in local currency to CHF 1.032 billion
- Second quarter 2021 EBITDA margin significantly augmented to 16.8 % versus 14.6 % in the second quarter of 2020
- First half year 2021 net result for the total Group rose to CHF 157 million
- First half year 2021 operating cash flow at CHF 15 million
- Outlook 2021 increased: local currency sales growth of 7 % – 9 % and a step up in EBITDA margin to 16.0 % – 17.0 %
“In the second quarter of 2021, Clariant delivered strong year-on-year revenue increases and significantly improved its performance. Signing definitive agreements to sell our Pigments business has been a critical step towards the completion of our portfolio transformation program,” said Conrad Keijzer, CEO of Clariant. “Clariant’s ability to exceed the profitability level achieved in 2019 was attributable to the broad demand recovery in our markets and due to our ability to mitigate raw material cost inflation while meeting the challenges created by wide-ranging logistics bottlenecks. Our attractive specialty chemicals portfolio, together with the continued effective execution of our efficiency improvement programs, enabled this success. In 2021, we aim to continue to improve our performance and expect Clariant to achieve strong sales growth in local currency and a step up in EBITDA margins to above pre-COVID-19 pandemic levels.”
Clariant published its Second Quarter / First Half Year Results 2021 on 29 July 2021.
CONFERENCE CALL AND WEBCASTA live audio webcast and conference call will take place the same day at 3 pm CEST.
- CLARIANT RETURNS TO PROFITABLE GROWTH, INCREASING BOTH SALES AND PROFITABILITY IN THE FIRST QUARTER OF 2021
- Sales from continuing operations increased by 2 % in local currency to CHF 1.002 billion, reflecting a broad recovery in our markets
- EBITDA of CHF 164 million rose by 4 % in Swiss francs, generating a notably improved EBITDA margin at 16.4 % (vs. 15.4 %)
- Pricing actions have been initiated to offset rising raw material and logistics cost
- Outlook 2021 Continuing Operations: moderate local currency sales growth and a step up in EBITDA margin to slightly above pre-COVID-19 pandemic levels
“The first quarter of 2021 demonstrated both Clariant’s return to growth as well as a sequential improvement in the Group’s performance. This progression was achieved through our portfolio of attractive businesses and the disciplined execution of our strategy and performance improvement programs,” said Conrad Keijzer, CEO of Clariant. “I would like to thank our teams for effectively mastering the current challenges amidst the continued COVID-19 pandemic; rising raw material cost as well as disruptions in supply chains. In 2021, we strive to make an important step up in our performance and expect Clariant to achieve moderate sales growth in local currency and a recovery in EBITDA margins to slightly above pre-COVID-19 pandemic levels. With our partnership with India Glycols Limited for green surfactants, we continue to advance our portfolio transformation toward a higher specialty value business.”
Clariant published its First Quarter 2021 Results on 29 April 2021.
CONFERENCE CALL AND WEBCASTA live audio webcast and conference call took place the same day at 3 pm CEST
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Q1 2021 CONFERENCE CALL PODCAST