Clariant: sales down, profitability up
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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