Clariant Posts Profit Growth With Outlook Resilient to Slowdown

Oct. 30 (Bloomberg) — Clariant AG reported an increase in third-quarter earnings and said it’s honing in on the upper end of its forecast range for sales this year as a switch to more profitable catalysts and oil and gas drilling additives paid off.

Earnings before interest, taxes, depreciation and amortization gained 4 percent to 211 million Swiss francs ($220 million), the Muttenz, Switzerland-based company said today in a statement. Sales rose 4 percent to 1.51 billion francs, with full-year revenue growth forecast to be about 5 percent in local currencies.

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