(AOF) – The unaudited consolidated turnover of the PAT Group for the 2022 financial year amounted to 2.33 million euros, a slight increase of 2% compared to 2021. The chemist specifies that at During the first half of the year, activity was impacted by lower sales of a cosmetic active ingredient in the context of a range renewal for one of its customers and a delay in sales of Clariant’s Premium range. Most of the sales are made in the Cosmetics sector.
The PAT Group maintains its objective of achieving financial equilibrium in 2023. It anticipates a significant ramp-up in cosmetics sales via its distributors Clariant and Seppic as well as with its direct customers, major luxury groups.
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Nothing is going well for German chemistry
German chemicals, very dependent on Russian gas, are in difficulty. Following sluggish sales in the automotive sector and falling demand in construction, production is down 8.5% in 2022, with overall sales down 1.6% to 63.1 Billions of Euro’s. Specialty chemicals are doing better. On the other hand, the production capacity utilization rate in basic chemicals has slowed markedly to less than 80%. Germany’s third industrial sector is tempted by relocation to the United States, where energy costs are much lower. With the Inflation Reduction Act, the United States has put in place an appropriate environment for the current challenges.