Clariant AG

Further improved business performance in Q3

Clariant AG / Clariant AG: Further improved business performance in Q3 . Processed and transmitted by NASDAQ OMX Corporate Solutions. The issuer is solely responsible for the content of this announcement.

• Third quarter 2015 sales rose by 2 % in local currencies to CHF 1.410 billion
• EBITDA margin before exceptional items improved to 14.7 % from 14.0 %
• Operating cash flow increased to CHF 131 million
• Net result from continuing operations augmented to CHF 60 million
• 2015 outlook confirmed

 

"Despite the increasing challenging economic environment, Clariant continued to improve its business performance again in the third quarter of 2015. We achieved a sales growth of 2 percent year-on-year in local currencies and a higher operating profitability with an EBITDA margin of 14.7 percent driven by the three higher growth Businesses Areas Care Chemicals, Catalysis and Natural Resources. The results of the third quarter are in-line with our objectives for the full year 2015," said CEO Hariolf Kottmann. "We are therefore confident to achieve our growth, profitability and cash flow targets for the year, despite the persisting mixed economic environment particularly in emerging markets and very volatile currencies."

 

Key Financial Data

Continuing operations:	Third quarter				Nine months
in CHF million	2015	2014	% CHF	% LC	2015	2014	% CHF	% LC
Sales	1 410	1 507	-6	2	4 281	4 530	-5	2
EBITDA before exceptional items	207	211	-2	8	624	635	-2	8
- margin	14.7 %	14.0 %			14.6 %	14.0 %
EBIT before exceptional items	143	141	1	12	433	426	2	13
- margin	10.1 %	9.4 %			10.1 %	9.4 %
EBIT	120	122	-2	8	392	291	35	49
Net result from continuing operations	60	58			203	102
Net income1	68	59			211	85
Operating cash flow1	131	126			196	13
Number of employees1					17 296	17 003*
Discontinued operations
Sales	-	-			-	98
Net result from discontinued operations	8	1			8	-17

¹ Total group including discontinued operations