(CercleFinance.com) – Clariant announces that its sales reached 1,062 million Swiss francs in the 4th quarter, down 20% compared to the same period a year earlier.
At the same time, EBITDA stood at 106 million Swiss francs, down 31%, with a margin reduced to 10%, compared to 11.6% a year earlier.
Over the entire financial year, Clariant recorded sales of 4,377 million Swiss francs, down 16%, for an EBITDA of 607 million Swiss francs (-25%).
For the whole of 2024, Clariant expects the inflationary environment to continue to ease, but without economic recovery, with persistent macroeconomic uncertainties and risks.
Clariant therefore expects low single-digit sales growth in local currency. The reported EBITDA margin is expected to improve to around 15% and cost savings from restructuring programs are expected to bring in 25 million francs in 2024, the chemical industry company estimates.
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