Clariant profitability remains resilient despite difficult economic environment
Sales from continuing operations decreased by 6 % in local currency to CHF 1.019 billionResilient EBITDA margin at 15.4 % (vs. 15.7 %) reached an EBITDA of CHF 157 millionOutlook: 2020 results will be impacted by the COVID-19 pandemic; focus will therefore be on impact mitigation and cash generation“In the first quarter of 2020, Clariant, together with the rest of the industry, was confronted with an unprecedented economic environment. However, our solid quarterly EBITDA margin reflects the Group’s attractive portfolio of resilient businesses, which maintained last year’s profitability level despite the particularly difficult and uncertain environment,” said Hariolf Kottmann, Executive Chairman ad interim of Clariant. “We will continue to put all our efforts into mitigating the effects of this pandemic and in protecting the safety of our employees. Clariant’s transformation program will remain in full progress.”Key Financial Data* Restated for continuing operationsFirst Quarter 2020 – Resilient EBITDA margin despite sales decline in turbulent environmentMuttenz, April 30, 2020- Clariant, a focused, sustainable and innovative specialty chemical company, today announces first quarter 2020 continuing operations sales of CHF 1.019 billion compared to CHF 1.164 billion in the first quarter of 2019. This corresponds to a 6 % decline in local currency and, due to an unfavorable currency effect, a 12 % decrease in Swiss francs.
