Clariant delivers resilient sales performance in challenging …

Q1 2023 sales increased by 1 % in local currency, down 5 % in Swiss francs to CHF 1.200 billion – positive pricing contribution of 7 %. “Clariant delivered a resilient top-line result in the first quarter, despite the macroeconomic headwinds. Our customers have reduced their inventory, and demand in some areas has been weaker, which, coupled with the negative extraordinary factors recorded in the quarter, impacted our profitability. Overall, we have weathered the current global economic headwinds well, thanks to the actions we have taken in recent quarters to execute a strong pricing policy, implement our new organizational model, structurally improve our portfolio, and foster our sustainable product range. This is underpinned by the fact that our cash generation continued its positive momentum in the first three months of 2023. We maintain our full year expectations, however uncertainties and risks related to the economic environment remain,” said Conrad Keijzer, Chief Executive Officer of Clariant. Pricing measures supported the profitability development. However, these measures did not fully offset the negative impact from lower volumes impacting production.