Clariant announces that sales for the 1st quarter totaled 1014 million Swiss francs (CHF), down 16% year-on-year.
At the same time, EBITDA rose by 4% to CHF 173 million, with the EBITDA margin increasing from 13.9% to 17.1%.
'The improvement in profitability is due to our performance programs and our management of the profit margin in a deflationary environment. Our overall performance reflects stabilized volumes and lower prices against last year's strong base of comparison' analyzes Conrad Keijzer, CEO of Clariant.
For 2024 as a whole, Clariant expects a further easing of the inflationary environment, but no economic recovery, with persistent macroeconomic uncertainties and risks.
Clariant therefore reiterates its expectation of low-single-digit local currency sales growth for 2024.
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Clariant AG is a Switzerland-based producer of specialty chemicals. It operates through three business areas: Care Chemicals, Catalysis, Natural Resources. The Business Area Care Chemicals serves customers in the personal care, home care, paints and coatings, and crop solutions markets. Business Area Catalysis offers catalytic and biofuel solutions. The Business Area Natural Resources offers products and customer-tailored solutions for mineral, foundry, oil, and gas extraction businesses, as well as for food, plastics, coatings, adhesives, and inks applications.
CLARIANT AG 
