Clariant: Third quarter results 2013
Clariant announced third quarter 2013 sales from continuing operations of CHF 1.443 billion compared to CHF 1.489 billion in the prior-year period. This corresponds to a 2% sales growth in local currencies that was almost entirely the result of higher sales volumes. In Swiss francs, sales decreased 3%, due to the pronounced weakness of the Brazilian real, the Japanese yen and the Indian rupee against the Swiss franc.
CEO Hariolf Kottmann:“Clariant achieved a solid performance in the first nine months of 2013 as most businesses developed favorably under continuing challenging economic conditions around the globe. Good progress has been made in the repositioning of the business portfolio, with the divestment of underperforming businesses nearing completion. This will leave Clariant with a well-balanced portfolio that has promising long-term growth prospects in many areas of the specialty chemicals industry.”
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