Chemical maker Clariant reports modest 3% sales growth
28 Feb '06
1 min read
Switzerland based Clariant posted modest growth for the full year 2005, with sales totaling CHF 8.181 billion on a like-for-like basis, up 3 percent in Swiss francs and 1 percent in local currency terms compared to a strong 2004.
Selling prices were increased on average by 1 percent.
The operating margin before exceptional items and amortization of goodwill declined to 6.3 percent from 7.6 percent a year earlier due to continued high costs of raw materials, energy and transportation.
Operating income was 28 percent lower, at CHF 368 million because of higher Transformation Program costs than a year earlier - as anticipated - including an impairment charge in the Pharmaceutical Fine Chemical business.
Clariant is a global leader in the field of specialty chemicals.
Clariant, which is represented on five continents with over 100 group companies, employs around 23,000 people.
Headquartered in Muttenz near Basel, Switzerland, it generated sales of around CHF 8.2 billion in 2005.
Clariant's businesses are organized in five divisions: Textile, Leather & Paper Chemicals, Pigments & Additives, Functional Chemicals, Life Science Chemicals and Masterbatches.
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