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Last $22.25 USD
Change Today +0.18 / 0.82%
Volume 5.8K
CLZNY On Other Exchanges
Symbol
Exchange
SIX Swiss Ex
OTC US
Frankfurt
As of 8:10 PM 05/1/15 All times are local (Market data is delayed by at least 15 minutes).

clariant ag-unsponsored adr (CLZNY) Key Developments

Clariant Announces Earnings Results for the First Quarter of 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. The EBITDA before exceptional items rose 8% in local currency and was at the same level as the previous year. The company announced sales growth of 4% in local currencies was the result of 5% higher volumes and 1% lower sales prices.

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."

Evonik Reportedly Mulls Takeover Bid For Clariant And Other Firms

Evonik Industries AG (DB:EVK) is considering a takeover bid for Clariant AG (SWX:CLN), according to people familiar with the matter. "Evonik is considering a bid for Swiss peer Clariant to create a group with a market value of more than €20 billion ($22 billion),” but several sources familiar with the situation said it had also looked at Koninklijke DSM N.V. (ENXTAM:DSM) and Croda International plc (LSE:CRDA). Two of the sources said that work on a potential Clarianttie-up had passed a purely exploratory stage, while another source said that Clariant had not received any bid from Evonik. "Has someone leaked it to kill the deal at an early stage? "a source familiar with Evonik's thinking said, adding thatClariant and its owners had not been receptive to approaches from peers. Evonik has been reviewing options in recent months, these people said, as the German company has been looking to join the wave of M&A in the chemicals sector. Evonik said it did not comment on any market rumours. Clariant and CVC declined to comment.

 

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Company Last Change
Arkema SA €73.07 EUR +1.15
Ashland Inc $128.60 USD +2.24
Lonza Group AG SFr.135.10 CHF +2.00
Valspar Corp/The $81.90 USD +0.80
Wacker Chemie AG €112.75 EUR +0.95
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Industry Analysis

CLZNY

Industry Average

Valuation CLZNY Industry Range
Price/Earnings 23.2x
Price/Sales 1.1x
Price/Book 3.1x
Price/Cash Flow 24.9x
TEV/Sales 0.7x
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