“Clariant had a good start into the year with solid sales growth and profitability improvement,” said CEO Hariolf Kottmann. “All our business areas performed well in the current mixed global economic environment and significantly expanded their EBITDA margins. This positive development in all business areas was achieved by a positive mix effect in our higher margin business areas as well as the first impact of the differentiated business steering in plastics & coatings.”
Care Chemicals’ sales in local currencies rose 7%, reaching $426.4 million, driven by strong growth especially in Latin America, Asia and the Middle East and Africa. North America was behind the previous year’s level due to a weak de-icing business following a mild winter. Overall, growth in Care Chemicals primarily stemmed from consumer care products, according to the company.