Q1 2025 Clariant AG Earnings Call Transcript
Key Points
- Clariant AG (CLZNF) reported a 1% increase in sales in local currencies, reaching CHF1.013 billion, indicating stable performance.
- EBITDA before exceptional items increased by 3% to CHF190 million, with a margin improvement of 70 basis points to 18.8%.
- The company completed a CHF175 million cost savings program, enhancing operating leverage and supporting margin improvement.
- Lucas Meyer Cosmetics delivered strong operational performance with sales of CHF25 million and high profitability, receiving six innovation awards.
- Clariant AG (CLZNF) maintains a resilient business model with a well-balanced regional sourcing and production footprint, mitigating direct impacts from tariffs and trade tensions.
- Organic volumes decreased by 2% overall, with declines in the Catalysts segment offsetting growth in other areas.
- Catalyst sales declined by 13% in local currency due to weak economic conditions and low utilization rates.
- Reported EBITDA decreased by 12% to CHF152 million, impacted by CHF38 million in restructuring charges.
- The company faces increased uncertainty due to tariffs and trade tensions, which could negatively impact global demand and consumer sentiment.
- Clariant AG (CLZNF) anticipates sales growth at the lower end of the 3% to 5% range, reflecting a cautious outlook amid uncertain market conditions.
Ladies and gentlemen, welcome to the Clariant first-quarter figures 2025 conference call and live webcast. I am Maria, the Chorus Call operator. I would like to remind you that all participants will be in listen-only mode and the conference is being recorded. (Operator Instructions) The conference must not be recorded for (inaudible) or broadcast. At this time it's my pleasure to hand over to Andreas Schwarzwaelder, Head of Investor Relations. Please go ahead, sir.
Thank you, Sandra. And ladies and gentlemen -- sorry, Maria, I apologize. We are so used to Sandra. Thanks, Maria. Ladies and gentlemen, good afternoon. My name is Andreas Schwarzwaelder. It's my pleasure to welcome you to this call. Joining me today are Conrad Keijzer, Clariant's CEO; and Bill Collins, Clariant's CFO.
Conrad will start today's call by providing a summary of the first quarter developments, followed by Bill, who will guide us through the business unit results, performance improvement programs. Conrad will then
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