Clariant Downgrades Full-Year Guidance

Clariant has revised downward its financial outlook for full-year 2011, “due to unfavorable foreign exchange rate developments and a softening of the global economy” during the first two months of the second half of the year, the company says.   The company had reported in late July that it expected full year sales of between SF7.0 billion- SF8.0 billion ($8.9 billion - $10.2 billion) and an Ebitda margin before exceptional items of 13.5%-14.5%. That has now been downgraded to a forecast for sales of SF 7.0 billion - SF 7.2 billion and a...

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