Clariant: Sales of CHF 8.1 billion in 2008
Clariant International Ltd, Muttenz, Switzerland, a world leader in specialty chemicals, announced sales of CHF 8.1 billion for the Full Year 2008 compared to CHF 8.5 billion in 2007. This translates into a 1% growth in local currency and a 5% decline in CHF. Full year guidance on EBIT and Cash Flow was met with an operating margin before exceptionals in the range of 6.5% to 6.8% and a cash flow from operations of approximately CHF 400 million. These results allowed Clariant to further strengthen its balance sheet and reduce its net debt by the end of 2008.
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