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Clariant hails good result as sign of better things to come

The Swiss specialty chemicals company, Clariant, says its sales jumped by 17 per cent in the first nine months of the year to SFr7.94 billion ($4.44 billion).

Clariant, based at Muttenz near Basel, said in a statement that it expected to maintain business momentum despite the usual slowdown at the end of the year.

The company attributed the positive figures to better product innovation and the greater focus on marketing and services.

It added that results would be lifted by the improved performance of the life sciences business of former British fine chemicals company, BTP (now a part of Clariant), as well as additional cost-cutting measures and the diminishing effect of high raw material prices.

Clariant did not give a detailed profit forecast.

The company’s Basel-based rival, Ciba Specialty Chemicals, reported last week that its nine-month sales had risen by 12 per cent to SFr5.99 billion.

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SWI - a branch of Swiss Broadcasting Corporation SRG SSR