Clariant reported slightly higher sales (+1% to CHF2,899m) in H1, but volumes were even higher at +3%. The gross profit margin was up at 31.7% (30.8%), but EBITDA weakened (-1% to €395m). Net income attributable to shareholders declined 10% to CHF123m. Operating CF jumped from CHF65m to CHF208m, propelled by lower restructuring payments and tax payments as well as a reduced NWC outflow (CHF-181m after CHF-232m). The latter benefited from the swing into positive figures of other current a
28 Jul 2016
Strong operating CF improvement, but net income suffers
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Strong operating CF improvement, but net income suffers
Clariant AG (0QJS:LON) | 0 0 (-2.2%) | Mkt Cap: 8,000m
- Published:
28 Jul 2016 -
Author:
Martin Schnee -
Pages:
3
Clariant reported slightly higher sales (+1% to CHF2,899m) in H1, but volumes were even higher at +3%. The gross profit margin was up at 31.7% (30.8%), but EBITDA weakened (-1% to €395m). Net income attributable to shareholders declined 10% to CHF123m. Operating CF jumped from CHF65m to CHF208m, propelled by lower restructuring payments and tax payments as well as a reduced NWC outflow (CHF-181m after CHF-232m). The latter benefited from the swing into positive figures of other current a