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Clariant: Maintaining profitability in the first three quarters, India showed double-digit growth

 Last Update: 2022-08-25
 Source: Internet
 Author: User

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Specialty chemicals company Clariant announced sales from continuing operations totalling CHF 2,838 million for the first three quarters of 2020

The Asian region remained resilient in the first three quarters, with China and India showing double-digit growth

business performance

In the first three quarters of 2020, sales in the Care Chemicals business area decreased in local currencies due to weaker weather-related aviation demand in the first quarter and lower sales in industrial applications due to COVID-19 in the second and third quarters 5%, and growth in the consumer care business couldn't make up for those losses

Revenue in the catalysts business segment declined modestly by 3 percent in local currencies due to strong sales last year and a weak chemical industry environment this year

Margins in care chemicals improved due to higher consumer care sales and tighter margin and cost management

Excluding the provisions for efficiency improvement projects in the natural resources business in the second quarter, the strict implementation of cost control measures in all three business units has kept the underlying profit largely unchanged

In the first three quarters of 2020, EBITDA from continuing operations was CHF 419 million, and the Group managed to maintain profit margins despite weak revenue performance

Discontinued business

In the first three quarters, sales from discontinued operations fell by 25% in local currencies and 31% in Swiss francs

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