Chemicals company Clariant has reported an increase of sales of 9% in local currency to CHF 3.132 billion compared to CHF 2.899 billion in 2016.
Net income increased by 20% to CHF 153 million from CHF 128 million in the previous year.
Growth was most pronounced in Europe, Asia and North America, and sales in Europe rose by 8% while the 11% advance in Asia was supported by strong sales development in China. Sales in North America increased by 14 %, but Latin American sales were 3% lower against a strong comparable base and also reflected a challenging macroeconomic environment, Clariant said. In the second quarter of 2017, sales rose by 8% in local currency to CHF 1.530 billion, with sales growth led by North America at 18% in local currency. In Asia, sales in local currency grew by 10% with a continuing strong development in China. Sales in Europe grew by 5% and in the Middle East & Africa by 16% in local currency. Latin America was impacted by the weak economic environment and declined by 2% against a strong comparable base. ‘Clariant delivered excellent top-line growth and further expansion in profitability in the first half of the year,’ said CEO Hariolf Kottmann.
This story is reprinted from material from Clariant, with editorial changes made by Materials Today. The views expressed in this article do not necessarily represent those of Elsevier.