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2020-07-30

Clariant improves profitability in the first half of 2020 despite a difficult economic environment

  • Sales from continuing operations decreased by 5 % in local currency to CHF 1.945 billion
  • EBITDA margin improved to 15.0 % compared to an operational performance of 14.9 % in the first half of 2019
  • Net result for the total Group improved to CHF 90 million
  • Operating cash flow at CHF 89 million
  • Outlook: 2020 results will be impacted by the COVID-19 pandemic; focus will therefore be on mitigation and cash generation

“In the first half of the year, our continuing operations were particularly resilient and showed a strong performance in an admittedly challenging environment. Particularly the second quarter was negatively affected by influences attributable to the COVID-19 pandemic. In this difficult economic environment, our continuing operations even showed an improvement in margins. This clearly confirms the validity of our strategic decision to focus on Clariant’s three core specialty Business Areas,” said Hariolf Kottmann, Executive Chairman ad interim of Clariant. “Despite the uncertainties surrounding the current economic environment, the growth profile of our core portfolio remains undiminished. We will continue to focus on mitigating the impact of this pandemic and will progress with Clariant’s transformation program. This will enable Clariant to realize above-market growth, higher profitability and stronger cash generation.”

Key Financial Data

Continuing operations Second Quarter First Half Year
in CHF million 2020 2019 % CHF % LC 2020 2019 % CHF % LC
Sales 926 1 065 -13 -4 1 945 2 229 -13 -5
EBITDA 135 -82 (1) n.m.   292 102 (1) 186  
- margin 14.6 % --     15.0 % 4.6 %    
EBITDA before exceptional items 146 162 -10   309 355 -13 
- margin 15.8 % 15.2 %     15.9 % 15.9 %  
EBIT         154 -47 (1)  
Net result from continuing operations         75 -133 (1)    
Net result (2)         90 -101 (1)  
Operating cash flow (2)         89 113  
Number of employees (2)       17 007 17 790  
Discontinued operations  ...
Författare Clariant AG

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