Clariant: 1st Quarter Results
Clariant, Muttenz, Switzerland, a world leader in specialty chemicals, announced sales of CHF 1.817 billion in the first quarter 2010, compared to CHF 1.604 billion in the previous year, an improvement of 13% in Swiss Francs and 16% in local currency. Sales improved significantly compared to the low base a year ago and also strengthened on a quarter-on-quarter basis. Especially in the business units (BU) Pigments, Additives, Leather and Masterbatches, sales growth was above the average group level. At the regional level, growth in Asia – and particularly in China with local currency sales growth of +65% – outperformed the other regions compared to the first quarter of 2009. Europe and North America showed double-digit sales growth while Latin America remained slightly behind as the region had showed resilience against the downturn in the previous year. The gross margin improved to 28.7% from 18.9% a year ago. While sales prices dropped 4%, raw material costs fell 1% compared to the first quarter 2009.
Would you like to subscribe to our Newsletters on plastics technology and profit from the latest information?
Looking for a new challenge? Check out our jobs market!
Patents encourage innovation: Stay on the ball with the latest innovations in the plastics industry in our patents section.