CLN.EB – The News Desk

Clariant Sees Lower Earnings on Bioethanol Plant Closure

6Dec

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World

Clariant Sees Lower Earnings on Bioethanol Plant Closure

Clariant will close a bioethanol plant in Romania and has cut its earnings forecast as a result.The Swiss chemical company said Wednesday that earnings before interest, taxes, depreciation and amortization for 2023 are now forecast to be between 570 million and 600 million Swiss francs ($651.4 million-$685.6 million). The previous target range was CHF650 million to CHF700 million.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

IFF to Sell Cosmetics Ingredients Unit to Clariant for $810 Million

30Oct

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World

IFF to Sell Cosmetics Ingredients Unit to Clariant for $810 Million

Updated Oct. 30, 2023 2:02 am ETSwiss chemicals company Clariant AG will buy a cosmetic ingredients unit of International Flavors & Fragrances Inc. for $810 million.New York-based IFF said Monday that it would use proceeds from the deal to reduce debt, consistent with previously announced plans to strengthen its capital structure.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

14Jul

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World

Basic Materials Roundup: Market Talk

The latest Market Talks covering Basic Materials.

Clariant Lowers 2023 Guidance on Disappointing Second Quarter

7Jul

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World

Clariant Lowers 2023 Guidance on Disappointing Second Quarter

Clariant forecast underlying earnings of CHF650-CHF700 million this year, with an Ebitda margin of 14.3%-15.1%, and lower than previously estimated sales, as preliminary second-quarter results showed weaker demand due to macroeconomic challenges.