Clariant Posts Improved Earnings As Cost Savings, Higher Prices Offset Lower Sales

Clariant's cost-reduction initiatives implemented during 2009-10 have paid off with the company reporting an increase in first-quarter 2011 earnings and higher profit margins. Ebitda before special items was 18% higher at SF277 million ($322.3 million) and profit margins advanced to 16.1% compared with 12.9% in the first quarter of 2010. Clariant's first-quarter sales were down 6%, to SF1.7 billion, however, due to the appreciation of the Swiss franc against most major currencies. Sales prices improved 5% year on year as Clariant continued to implement its...

This information is only available to Chemical Week subscribers.

Forgot your user ID or password?
Click here to have it sent to you.

Email Address First Name Last Name

Not an IHS Chemical Week 24/7 member yet? Here's why you should be: Searchable online archive access of the last 2 years of Chemical Week. Print or digital magazine subscription Price and market change alerts Economic data and statistics Buyers' Guides Webcasts | whitepapers