Süd-Chemie boost for Clariant Q3 sales
31/10/2011
Sales growth was driven by higher prices and the Süd-Chemie acquisition, the company said. Gross margin fell to 26.1% from 27.9% a year ago, mainly due to the negative currency impact and volume effects. In a slower global economic growth environment, commodity prices stabilised during the quarter. As a consequence, raw material costs remained flat compared to the second quarter of 2011, but were 13% higher than in the previous-year period. Increased raw material costs were fully absorbed by higher sales prices.
Chief executive, Hariolf Kottmann, commented: “In the first nine months of 2011, Clariant has further progressed in making the achievements of the last two years sustainable, despite strong headwinds from currency markets and a softening global economy.”
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