Clariant: Sustainability will be a priority

Recently, Clariant released a financial report saying that thanks to the results of the previous business reform, sales growth in the first half of 2022 will be strong

While the results were strong in the first half, Clariant expects continued strong growth in the second half of the year and will work towards its annual target

Double-digit growth in key businesses

Clariant expects continued strong growth in the second half of the year, with full-year sales of CHF 5 billion, and expects higher EBITDA levels compared to the same period last year

According to the financial report, Clariant Care Chemicals sales increased by 45% in the first half of the year, with double-digit sales growth in all key businesses

Clariant said the pricing measures offset some 36% of the increase in raw material prices, while the execution of the performance improvement plan resulted in an additional CHF 8 million in cost savings in the first half

Operational business reform has achieved initial results

Kang Ruide said that in the first half of 2022, Clariant has achieved remarkable results in business reform

After becoming a dedicated specialty chemicals company, Clariant confirmed its goal to achieve earnings growth at a CAGR of 4% to 6% by 2025, resulting in a Group EBITDA margin of 19% to 21%, free cash Stream conversion rate is achieved around 40%

Adhere to sustainable development strategy

Regarding future development plans, Clariant said that sustainable development will be a priority

Clariant believes that tackling climate change is a top priority for Clariant and many of its stakeholders

Corresponding to scientific climate targets, Clariant has set intensity reduction targets for key environmental parameters in its own operations

In June this year, Clariant announced the launch of the product carbon footprint calculation tool "CliMate", which will provide related products with carbon footprint calculations that comply with the ISO 14067 standard