Clariant Reports Sales Increase in Local Currency for First Quarter
MUTTENZ, Switzerland – Specialty chemicals company Clariant announced first-quarter 2019 sales of CHF 1.715 billion compared to CHF 1.722 billion in the first quarter of 2018. This corresponds to a 2% organic growth in local currency, driven by higher pricing in all business areas versus a high comparison base.
On a regional basis, the sales development in Latin America, Europe and the Middle East & Africa all reflected single-digit growth in local currency. Both North America and Asia reported slightly negative growth of 1%. The continued weaker demand in China negatively influenced the group sales development in the first quarter.