The two Business Units concerned have been reclassified to discontinued operations in the financial reporting. + ' Jan 28, 2020. We will continue to focus on mitigating the impact of this pandemic and will progress with Clariant’s transformation program.
This corresponds to a decrease of 5 % in local currency due to lower demand and 13 % in Swiss francs, attributable to unfavorable currency developments.The EBITDA in the first half year 2020 as well as in the second quarter decreased in absolute value partly due to the sale of the Healthcare Packaging business and one-off costs for the efficiency program in Pigments as well as for the carve-out of the discontinued operations.
The company is the German unit of Swiss specialty chemical giant Clariant International and accounts for about 15% of its parent's total sales. The EBITDA margin improved to 15.0 % from 14.9 % (reported 4.6 %) in the previous year when excluding the one-off CHF 231 million provision, which was booked in the second quarter of 2019. Q1 2020 PolyOne Corporation Earnings Conference Call More. The Investor Relations website contains information about Huntsman Corporation's business for stockholders, potential investors, and financial analysts. The Clariant Investor Relations app gives you the latest financial information about Clariant in one easy-to-use iPad app. This corresponds to a 13 % decline in Swiss francs due to unfavorable currency effects. The two Business Units concerned have been reclassified to discontinued operations in the financial reporting. In the second quarter, like-for-like sales weakened by 4 % in local currency despite the weak economic environment and by 13 % in Swiss francs due to unfavorable currency fluctuations.Operating cash flow for the total Group, which is typically lower in the first half of the year, declined to CHF 89 million from CHF 113 million in the previous year despite a considerable improvement in the second quarter. Clariant GmbH sells to the automotive, electronics, consumer goods, medical, packaging, and textiles markets.
In this difficult economic environment, our continuing operations even showed an improvement in margins. In the first half year, the Middle East & Africa as well as Asia remained resilient, with China and Southeast Asia demonstrating solid growth. In 2019, despite challenging economic conditions and modest demand for industrial applications, Clariant’s sales increased in local currency. Clariant Plastics & Coatings AG is located in Muttenz, BASEL-LAND, Switzerland and is part of the Asset Management Industry. Latin America increased local currency sales in double digits. Head Corporate Communications & Investor Relations Telephone +41 (0) 55 221 69 47 E-mail. However, on a like-for-like basis, excluding Healthcare Packaging sales from the first half of 2019, as this business was divested in October 2019, sales weakened only by a slight 3 % in local currency. PolyOne Investor Conference Call More.
Investegate reserves the right to publish a filtered set of announcements. Send a message Investor Relations . Clariant continues to ensure employee safety first while concurrently running business continuity programs and implementing cash as well as cost measures.Muttenz, July 30, 2020 - Clariant, a focused, sustainable and innovative specialty chemical company, today announced first half year 2020 continuing operations sales of CHF 1.945 billion, compared to CHF 2.229 billion in the first half year 2019. Board of Directors ... Clariant makes no warranties, express or implied, as to the information’s accuracy, adequacy, sufficiency or freedom from defect and assumes no liability in connection with any use of this information. Clariant’s three core specialty Business Areas are executing performance programs to generate resilient results during these times and to achieve above-market growth, higher profitability and stronger cash generation in the mid-term.Please confirm that you are a private investor using the buttons below.In the first half 2020, Care Chemicals sales declined by 6 % in local currency due to weather-related weak Aviation demand in the first quarter, which could not be compensated for by the strong expansion in Consumer Care in the second quarter.