Clariant adjusts full-year guidance
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Clariant AG /
Clariant adjusts full-year guidance
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Muttenz, 05 September 2011 - Clariant, a world leader in specialty chemicals,
adjusted its guidance for the full-year 2011 due to unfavorable foreign exchange
rate developments and a softening of the global economy in the current business
year. The mid-term EBITDA margin target for 2015 was confirmed.
The first two months of the second half-year have been marked by a continuing
unfavorable development of foreign exchange rates and increasingly difficult
economic conditions, negatively impacting Clariant's operating business. While
overall demand remained robust, a softening has become evident in some regions
and end markets. In view of the developments in the last few weeks, the initial
assumptions on exchange rates as well as on economic growth rates for 2011 are
no longer valid. Therefore, the previous full-year 2011 guidance needs to be
adapted to the changed conditions. Sales are expected at CHF 7.0 - 7.2 bn while
the EBITDA margin before exceptional items should reach between 12.8% and
13.2%, still above the 12.7% reported in the last business year.
CEO Hariolf Kottmann commented: "We confirm our mid-term target of an EBITDA
before exceptionals of above 17% for 2015. This is based on an improvement in
our competitive position resulting from the global asset network optimization
program, further savings as well as a successful integration of Süd-Chemie,
which will substantially contribute to the group's performance in the coming
years. The solid base and the sound financial position achieved in the last two
years allow us to consequently implement our profitable growth strategy."
Conference Call Playback
Clariant invites you to a conference The playback will be available 1 hour
call on September 5, 2011, at 07.30 am after the conference for 48 hours
(CEST) to discuss the recent until September 7th inclusively.
developments Participants requesting the digital
playback will be dialing:
+41 (0) 91 610 56 00 (Europe) +41 (0) 91 612 4330 (Europe)
+44 (0) 203 059 58 62 (UK) +44 (0) 207 108 6233 (UK)
+1 (1) 866 291 41 66 (USA - Toll-Free) +1 (1) 866 416 2558 (USA)
and will be asked to enter the Code
17240 followed by the # sign.
Tel. E-mail
Media Contacts
Ulrich Nies +41 61 469 6158 ulrich.nies(at)clariant.com
Stefanie Nehlsen +41 61 469 6742 stefanie.nehlsen(at)clariant.com
Tel. E-mail
Investor Relations Contacts
Siegfried Schwirzer +41 61 469 6749 siegfried.schwirzer(at)clariant.com
Ulrich Steiner +41 61 469 6745 ulrich.steiner(at)clariant.com
www. clariant.com
Clariant is an internationally active specialty chemical company based in
Muttenz near Basel. The group owns over 100 companies worldwide and employed
approx. 16,200 employees as of December 31, 2010. In the financial year 2010,
Clariant produced a turnover in excess of CHF 7 billion. Clariant is divided
into twelve business units: Additives; Catalysis & Energy; Detergents &
Intermediates; Emulsions; Functional Materials; Industrial & Consumer
Specialties; Leather Services; Masterbatches; Oil & Mining Services; Paper
Specialties; Pigments; Textile Chemicals.
--- End of Message ---
Clariant AG
Rothausstrasse 61 Muttenz 1 Switzerland
ISIN: CH0012142631;
Press release e:
http://hugin.info/100166/R/1543604/473014.pdf
Pressemitteilung d:
http://hugin.info/100166/R/1543604/473015.pdf
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Source: Clariant AG via Thomson Reuters ONE
[HUG#1543604]
Unternehmensinformation / Kurzprofil:
Datum: 05.09.2011 - 07:00 Uhr
Sprache: Deutsch
News-ID 62145
Anzahl Zeichen: 4957
contact information:
Town:
Muttenz 1
Kategorie:
Business News
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"Clariant adjusts full-year guidance"
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