Swiss Clariant Q2 net profit rises 16%, sales inch up 1%

30 July 2013 07:12  [Source: ICIS news]

SINGAPORE (ICIS)--Clariant’s second-quarter net profit rose by 16% to Swiss franc (Swfr) 79m ($85m), with sales rising 1% from the previous corresponding period, the Switzerland-headquartered chemicals firm said on Tuesday.

Sales for the June quarter 2013 were at Swfr1.54bn, with operating profit before exceptional items up by 7% year on year to Swfr144m, the company said in a statement.

Earnings before interest, tax, depreciation and amortisation (EBITDA) before exceptional items rose by 6% to Swfr211m, it said.

The company’s first half 2013 net income rose to Swfr129m from Swfr85m in the same period last year, while sales for the six months to June rose Swfr3.07bn from Swfr3.04bn recorded in the first half of 2012.

“The environment in which Clariant operates has not significantly changed over the past few months. Going into the second half-year, Clariant expects stability in mature markets but rising uncertainties in emerging economies,” it said.

Clariant is gradually progressing towards its short- and mid-term targets, company CEO Hariolf Kottmann said in the statement.

“Although we perceive rising uncertainties in emerging markets, we continue to see a rather stable economic environment at a low level. In this scenario, we are confident that we will achieve our full-year targets by focusing on innovation, growth and cost efficiency,” Kottmann added.

($1 = €0.76 / $1 = Swfr0.93)

By: Tahir Ikram
+65 6780 4359

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