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Clariant confirms outlook on improved second-quarter results

2:00 AM MDT | July 30, 2014 | Natasha Alperowicz

Clariant’s second-quarter net income from continuing operations was up 17%, to 83 million Swiss francs ($91.5 million), while revenues from continuing operations declined 1%, to SF1.53 billion, the company said today. Sales in local currencies were up 6%, however. The company says that strong volume growth has offset unfavorable currency effects. The organic sales growth, 6%, was the result of 5% higher volumes and an average price increase of 1%. Ebitda before exceptional items was up 1%, to €214 million, and Ebitda margin advanced from 13.7% in the...

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