Clariant posts growth in the first quarter
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Clariant reported first quarter sales 2013 from continuing operations of CHF 1.526 billion compared to CHF 1.513 billion in the previous-year period, an increase of 2% in local currencies and 1% in Swiss francs. Organic growth of 2% was primarily the result of higher volumes. The negative currency effect of 1% was mainly attributable to the double-digit percentage depreciation of the Brazilian real and the Japanese yen against the Swiss franc compared to the same period one year ago.
The business environment remained basically unchanged compared to the final quarter of 2012. As in the previous quarter, sales trends were therefore not uniform across regions and businesses. At the regional level, Latin America exhibited the highest growth with a 10% increase in local currency sales. Year-on-year, sales in Asia Pacific and EMEA were unchanged, with the latter posting 2% growth in Europe and a 10% sales decline in Middle East & Africa. Sales in North America grew 5%.
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