Despite the slow start of the plastic and coating

Despite the slow start of the plastic and coating industry, Clariant continues to increase sales

despite the slow start of the plastic and coating industry, Clariant continues to increase sales

on May 7, 2019

local currency sales increased by 2% to 1.715 billion Swiss francs

EBITDA after special projects was 236 million Swiss francs

EBITDA profit margin after special projects was 13.8%

outlook reiterated: higher than market growth, Higher profitability and stronger cash generation

"despite the challenging macroeconomic environment, Clariant has achieved sustained growth in organic sales in the first three months of this year," said Ernesto ochiello, CEO of Clariant. "We focus on customer experience and fast and reliable customer performance, especially in the development of care chemicals, catalysis and natural resources in the commercial field. Although plastics and coatings are negatively affected by the current economic and commercial environment, we are confident in the progress of coatings throughout the year. We will continue to identify and respond to customers' next challenges and future needs, so as to achieve higher growth than the market and higher profitability And stronger cash generation. "

the first quarter of 2019 - local currency sales increased, and the profitability of care chemicals and catalyst improved

muttenz, April 30, 2019 - Clariant, a specialty chemicals company focused on innovation, today announced that its sales in the first quarter of 2019 were CHF 1.715 billion, while its sales in the first quarter of 2018 were 1. It is believed that they not only give the link between pages CHF 722 million. This is equivalent to when Organic growth rate of 2%. Currency, driven by higher pricing and a high comparison base in all business areas

on a regional basis, I don't know how many shocking decisions and lingering blessings have been included. The sales development in Latin America, Europe, the Middle East and Africa all reflect the increase in the number of units of local currency. North America and Asia both reported slightly negative growth of 1%. The continuous weak demand in China had a negative impact on the group's sales development in the first quarter

sales performance in the first quarter of 2019. On December 10, the improvement of the weak downward trend in the spot market of steel raw materials was due to the expansion of nursing chemicals, catalysis and natural resources in business areas. Sales of care chemicals increased by 2% in local currency, although the airline business was adversely affected by mild weather. Except for aviation, the sales of nursing chemicals increased in medium single digits in local currency. This growth is mainly due to the development of excellent consumer health care. Compared with the record level in the first quarter of last year, catalyst sales increased by 4% in local currency. Sales of natural resources increased by 10% in local currency, mainly due to the good demand for oil and mining services and the steady growth of functional minerals

in plastics and coatings, local currency sales fell by 2%, mainly due to weaker than expected automobile and plastics markets and further economic slowdown, especially in China. However, the potential demand in China remains stable, and Clariant expects it to gradually improve in the rest of 2019

the newly reported EBITDA after special projects reached 236million Swiss francs, with a corresponding profit margin of 13.8%. The 8% decrease in absolute EBITDA after special projects was due to the decline in profitability of plastics and coatings and higher project costs related to higher value majors announced by Clariant in September 2018. The work of each project is progressing smoothly. Nursing chemicals and catalytic companies have achieved significant positive growth year-on-year, while natural resources companies have also achieved good profitability improvement as expected

outlook 2021 - higher than market growth, higher profitability and stronger cash generation

Clariant is a specialty chemicals company focused on innovation. Our goal is not just to provide customer-oriented products. By setting the right priorities, we strive to provide the industry with the best customer experience and fast and reliable customer satisfaction

our goal is to make our customers more successful. Therefore, we always focus on timely and beneficial innovation, hard to imitate products, sustainability, agility and ethical practices. We are only satisfied with the highest level of functions within the group. Our success will be achieved by implementing our strategy

we have confirmed the guidelines for 2021 to achieve higher growth than the market, so as to achieve the profitability of electromechanical rotation at a continuously adjustable speed and stronger cash generation