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Clariant Q3 Sales Down 3%, EBITDA Rises 14%

By RTTNews Staff Writer   ✉   | Published:   | Follow Us On Google News

Clariant AG (CLN.SW), a specialty chemical company, on Thursday reported sales of CHF 906 million, a decrease of 3% in local currency compared with the same quarter last year, as modest growth in Adsorbents & Additives was offset by lower sales in Care Chemicals and Catalysts.

EBITDA, or earnings before interest, taxes, depreciation, and amortization for the group increased by 14% to CHF 159 million.

Excluding one-time items, EBITDA was CHF 162 million, up 5 % year on year

For the full year, the company expects sales growth at the lower end of its 1%-3% range and reaffirmed its medium-term targets for 4%-6% annual sales growth by 2027.

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