CLARIANT SIGNIFICANTLY INCREASED PROFITABILITY IN THE THIRD QUARTER OF 2021 ON THE BACK OF DOUBLE-DIGIT SALES GROWTH Donnerstag, 28. Oktober 2021 - 07:00
AD HOC ANNOUNCEMENT PURSUANT TO ART. 53 LR
- Third quarter 2021 sales from continuing operations increased by 23 % in local currency to CHF 1.096 billion
- Third quarter continuing operations EBITDA at CHF 180 million
- Third quarter 2021 EBITDA margin increased to 16.4 % versus 14.2 % in the third quarter of 2020
- Outlook 2021: increased local currency sales growth of 9 % – 11 % and a confirmed EBITDA margin range of 16.0 % – 17.0 %
“In the third quarter of 2021, Clariant delivered particularly high year-on-year revenue growth and also successfully increased performance. The completed construction of our first commercial sunliquid® cellulosic ethanol plant represents a major milestone for Clariant and is a further key proof point of our ambitious growth strategy,” said Conrad Keijzer, CEO of Clariant. “Clariant’s ability to clearly increase the profitability level was attributable to strong growth in our relevant end markets and our ability to partially offset the effects of raw material cost inflation, logistics challenges and rising energy cost through strong pricing. Our full year 2021 outlook remains positive. Based on the strong performance in the first nine months, we are increasing our full year local currency sales growth expectation and continue to forecast a step up in EBITDA margins to above pre-COVID-19 pandemic levels.”
Clariant published its Third Quarter / Nine Month Figures 2021 on 28 October 2021.
CONFERENCE CALL AND WEBCASTA live audio webcast and conference call will take place the same day at 3 pm CEST.
- CLARIANT SIGNIFICANTLY INCREASED PROFITABILITY IN THE SECOND QUARTER OF 2021 ON THE BACK OF DOUBLE-DIGIT SALES GROWTH
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 took place the same day at 3 pm CEST.
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Q2 2021 CONFERENCE CALL PODCAST