Clariant’s Q4 net income falls 16.5% to Swfr80m, sales up 4%

19 February 2014 07:28 Source:ICIS News

ZURICH (ICIS)--Specialty chemicals Clariant reported a fall of 16.5% in net income to Swiss Francs (Swfr) 80m (€65.4m) for the fourth quarter of 2013 while sales rose 4% to Swfr1.56bn, the German company said on Wednesday.

Clariant’s four business areas recorded higher sales in Q4 2013, led by Catalysis and Energy (12%), Natural Resources and Plastics and Coatings each registered growth in sales of 9% while Care Chemicals sales rose 7%.

Operating cash flow slipped slightly from the Swfr284m registered in the fourth quarter of 2012 to Swfr261 in the same quarter in 2013.

Clariant expects 2014 to remain “challenging” on the back of by heterogeneous global economic development and volatile currency markets, especially in the emerging markets, the company said.

After the divestment of several businesses, Clariant is now a more profitable, less cyclical and well-balanced specialty chemicals player,” said the company’s CEO, Hariolf Kottmann.

(€1 = Swfr1.22)

By Jonathan Lopez