Clariant keeps growing and is increasingly efficient

Switzerland-based multinational Clariant improved its profitability in 2016 (+16%) thanks to a strict price-cut program and an increase in the sales of specialty chemicals. Thus, it has proposed a 12% dividend increase. Sales increased by 2% (constant currencies) to CHF5.84bn and EBITDA increased from 14.7% to 15.2%. The Care Chemicals and Plastics and Coatings units reported the largest growth – +5% and +4% respectively. The Oil and Gas business did not deliver positive results, yet it was supported by the acquisitions of Kel-Tech and eX-Chem performed last year. In announcing the results, the group’s CEO Hariolf Kottmann noted there is no urgency for new acquisitions, being prices too high now, however Clariant keeps testing the NAFTA market, especially for the Care Chemicals unit. (Source Börsen-Zeitung)