Clariant Reports Growth in Sales and Increased Profitability
MUTTENZ, Switzerland – Specialty chemicals company Clariant announced nine months 2017 sales of CHF 4.698 billion, compared to CHF 4.299 billion in 2016. This corresponds to a 10% growth in local currency driven by contributions from all business areas, with notable double-digit gains from Catalysis and Natural Resources. Organic sales rose by 6% in local currency, as a result of higher volumes.
Growth was strongest in North America and in the Middle East and Africa, where sales in both regions rose by 16% in local currency. In Asia, sales increased by 12% supported by brisk growth in China and Southeast Asia. Sales in Europe increased by a solid 8%. Latin America had a slight negative growth of 1%, due to the still challenging macroeconomic environment which, however, shows signs of improvement.