Clariant Defies the Odds with Impressive Sales Performance in a Challenging Environment
Clariant Defies the Odds with Impressive Sales Performance in a Challenging Environment

Clariant Defies the Odds with Impressive Sales Performance in a Challenging Environment

  • 17-May-2023 12:40 PM
  • Journalist: Patricia Jose Perez

Germany- Clariant has released its first quarter sales report for 2023, revealing a total of CHF 1.200 billion in sales. While this marks a 5% decrease in sales in Swiss francs compared to the previous year's first quarter, there was a 1% increase in local currency. The positive impact of pricing was 7%, while the consolidation of the US Attapulgite business contributed an additional 1%. However, there was a 7% decrease in volumes. The Business Unit Catalysts saw strong sales growth, which partially offset slight decreases in the Care Chemicals and Adsorbents & Additives Business Units. The currency impact on the quarter was -6%.

In Q1 of 2023, the Europe, Middle East & Africa region experienced flat sales in local currency with Catalysts sales increasing while Care Chemicals and Adsorbents & Additives weakened at low and mid-single-digit percentage rates, respectively. However, sales in the Americas grew by 7%, primarily driven by pricing impacts in Care Chemicals and Adsorbents & Additives, as well as the acquisition of US Attapulgite business assets.

The US saw a 3% increase in sales and Brazil experienced a 5% growth. Meanwhile, sales in Asia-Pacific decreased by 4%, mainly due to a slow recovery in China resulting in a 16% decline in sales, although this was partly countered by higher sales in India and Southeast Asia.

In the first quarter of 2023, there was a 2% decrease in local currency sales for Care Chemicals, primarily due to a decline in volume and lower sales in both Consumer Care and Industrial Applications. This was compared to a challenging comparison base. On the other hand, Catalysts sales experienced an 18% increase in local currency with growth in all business segments. However, Adsorbents & Additives sales saw a 5% decrease in local currency, mainly because of weaker demand for additives, particularly against a very strong first quarter in 2022.

Group EBITDA experienced a decline of 24% to CHF 167 million, resulting in a margin of 13.9%, which is lower than the previous year's first-quarter margin of 17.4%. Although pricing measures helped maintain profitability, they were not sufficient to fully offset the adverse effects of reduced volumes that affected production utilization in select businesses.

Related News

China's MA Market Faces 8.5% Decline in Second Week of January 2024
  • 30-Jan-2024 5:49 PM
  • Journalist: Nina Jiang
PT Justus Sakti Raya Restarts Maleic Anhydride Production in Jakarta
  • 08-Dec-2023 4:43 PM
  • Journalist: S. Jayavikraman
Low Demand Impacts US Maleic Anhydride Prices in mid-November 2023
  • 21-Nov-2023 4:35 PM
  • Journalist: Peter Schmidt
PT Justus Sakti Raya Halts Maleic Anhydride Production in Jakarta
  • 10-Nov-2023 5:53 PM
  • Journalist: