Clariant announces first-quarter sales figures - leatherbiz: Leading n Leatherbiz

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Clariant announces first-quarter sales figures

04/05/2012
Specialty chemicals manufacturer Clariant has announced a sales increase of 18% in the first quarter of 2012 compared to the same period last year. Sales revenues for the quarter were 1.9 billion Swiss francs in 2012 compared to 1.7 billion the year before.

Clariant said the main reason for the increase was its acquisition of German company Süd-Chemie, completed in April 2011.

The company said, however, that business activity in its “mature” business units, including leather, “remained subdued”.

For the rest of 2012, it said it expected raw materials costs to continue to rise “in the mid-single-digit range” while exchange rates should remain stable compared to the beginning of the year. Clariant expects that after a weak start to 2012, the global economy will strengthen progressively in the course of the year. Therefore, results for the first half-year are expected to be lower compared to the high base of the first half of 2011, with an improvement in the second half-year 2012.




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