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Clariant Posts a First-Quarter Earnings Decline but Maintains Full-Year Guidance

6:54 AM MDT | May 3, 2012 | Ian Young

Clariant's net income tumbled 83% in the first quarter of 2012 compared with the corresponding period of 2011, to SF20 million  ($22 million) on sales up 13% year on year, to SF1.95 billion. Ebitda before exceptional items declined 15%, to SF236 million in the first quarter and operating profits fell 39%, to SF123 million. As a result, Ebitda margins before exceptionals decreased to 12.1% in the first quarter from 16.1% one year earlier. The Ebitda pre-exceptionals figure was slightly below analysts' forecasts of about SF240 million. Clariant had anticipated...

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