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Clariant more than doubles net profit on flat sales, confirms 2015 targets

7:28 AM MDT | April 30, 2013 | Natasha Alperowicz

Clariant’s first-quarter net profit from continuing operations more than doubled to 38 million Swiss francs ($40.53 million) compared with SF16 million in the year-earlier period, the company announced today. Sales were flat advancing 2% in local currencies, to SF1.53 billion. Ebitda before exceptionals on a restated basis was down 1%, at SF209 million, and Ebitda margin at 13.7% was slightly lower than in the year-earlier quarter, when the company reported a margin of 13.9%.   “Clariant had an encouraging start to the year as sales continued to...

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