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Last $20.25 USD
Change Today -0.28 / -1.36%
Volume 4.2K
As of 5:20 PM 07/6/15 All times are local (Market data is delayed by at least 15 minutes).

clariant ag-unsponsored adr (CLZNY) Key Developments

Clariant Launches Consumer Care Competence Centre in Singapore

unveiled its new consumer-care competence centre in Singapore, in a bid to better align its products with customers in the Asia-Pacific region. With a total of five application development centres now in the region, Clariant's new Singapore centre, which includes an application lab, is the first that focuses on sensorial testing for personal and home-care products in the Asia-Pacific. The company chose to set up its competency centre in Singapore to tap the country's proximity to established regional key accounts and manufacturing facilities, as well as its strong base of researchers and academic institutions.

Clariant Announces Earnings Results for the First Quarter of 2015; Provides Earnings Guidance for the Year 2015

Clariant announced earnings results for the first quarter of 2015. For the quarter the company posted net profit of CHF 87 million from a net loss of CHF 48 million in the previous corresponding period because of a substantial decline in restructuring costs. The company's operating profit was more than tripled to CHF 139 million from CHF 41 million in the previous corresponding period. Sales was CHF 1,465 million against CHF 1,492 million a year ago. EBITDA before exceptional items was CHF 206 million against CHF 210 million a year ago. EBIT before exceptional items was CHF 142 million against CHF 140 million a year ago. EBIT was CHF 139 million against CHF 41 million a year ago. Net result from continuing operations was CAF 87 million against net loss from continuing operations of CHF 39 million a year ago. Net debt stood at CHF 1.173 billion compared to CHF 1.263 billion recorded at year-end 2014. The gearing, reflecting net financial debt in relation to equity including non- controlling interests, rose to 50 % from 46 % at the end of 2014. Operating cash flow improved to CHF 14 million versus negative operating cash flow of CHF 51 million one year ago. For the year 2015, the company expects low to mid-single digit sales growth in local currencies. The company will further increase its EBITDA margin before exceptional items above full year 2014 and increase cash flow generation.

Clariant AG, Q1 2015 Earnings Call, Apr 29, 2015

Clariant AG, Q1 2015 Earnings Call, Apr 29, 2015

Clariant Opens New Desiccant Plant in China

Clariant has opened a new desiccant manufacturing plant at its site in Zhengjiang, China. The company will produce its line of Container Dri II cargo desiccants and a full range of desiccant bags at the new facility. Clariant's Container Dri II are aimed at protecting goods from the harmful effects of moisture and water damage during shipping via container, rail barge or truck, according to the firm.

Clariant AG Is Not Up For Sale

Clariant AG (VIRTX:CLN) Chairman Rudolf Wehrli said that the company wants to remain independent and hence is not up for sale. He said "It's my firm conviction that Clariant is not for sale."

 

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CLZNY

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Valuation CLZNY Industry Range
Price/Earnings 21.4x
Price/Sales 1.0x
Price/Book 2.8x
Price/Cash Flow 23.0x
TEV/Sales 0.6x
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