The new Clariant’s business model is relatively stable even in a pandemic setting. Margins were pretty stable at group level with mixed trends for the individual divisions. The strong reporting currency had some negative effects. The management guidance points to a weaker Q4, which looks reasonable in the light of recent news on the spread of the virus.
The Q3 figures were weaker than our expectations but beat the consensus.
30 Oct 2020
No big hiccups, but can this go on?
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No big hiccups, but can this go on?
Clariant AG (0QJS:LON), 0 | Clariant AG (CLZNF:OTC), 0 | Clariant AG (CLN:SWX), 0 | Clariant AG (CLRN:ETR), 0
- Published:
30 Oct 2020 -
Author:
Martin Schnee -
Pages:
2
The new Clariant’s business model is relatively stable even in a pandemic setting. Margins were pretty stable at group level with mixed trends for the individual divisions. The strong reporting currency had some negative effects. The management guidance points to a weaker Q4, which looks reasonable in the light of recent news on the spread of the virus.
The Q3 figures were weaker than our expectations but beat the consensus.