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People & Business :: Earnings/Finance
Reshaped Clariant reports improved results, confirms midterm targets
8:03 AM MST | February 19, 2014 | Natasha Alperowicz
Clariant today reported flat fourth-quarter net profit from continuing operations of 85 million Swiss francs ($95.7 million) on 8% higher sales, SF1.56 billion, of which 7% is due to higher volumes and 1% to prices. All business areas have recorded strong sales growth in the fourth quarter, led by catalysis and energy, with an increase of 12%. Natural resources and plastics and coatings each grew sales by 9%; care chemicals was also strong, adding 7% in sales. The catalysts business experienced seasonal strength and benefited from the partial realization...
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