Clariant Reports Progress in Sales and EBITDA for First Nine Months of 2018
MUTTENZ, Switzerland — Specialty chemicals provider Clariant announced sales for the first nine months of 2018 of CHF 4.994 billion compared to CHF 4.698 billion in 2017. This corresponds to 6% growth in local currency and in Swiss francs, which was supported by both higher volumes and pricing. Contributions from all business areas bolstered the 6% organic sales growth in local currency.
Most regions contributed to the sales growth. Latin America reported the strongest growth of 13% in local currency. In Asia, sales rose by a robust 9%, mainly driven by China and India. Sales in North America grew by 6% on the heels of strong expansion during the same time period in 2017. In Europe, sales advanced by a solid 4%. Only the Middle East & Africa, the group’s smallest geographic region, reported a slight sales decrease of 3%.