Ciba reports solid first quarter

Ciba's first quarter results are likely to please the markets Keystone Archive

Ciba specialty chemicals has reported a seven per cent increase in first quarter net profits to SFr118 million ($68.88 million) on sales of SFr1.93 billion.

This content was published on April 26, 2001 - 09:03

Sales were up only one per cent in local currencies in what the company described as a challenging business environment. The figures, however, were at the top end of analysts' forecasts.

Ciba on Thursday said it expected further sales and earnings growth for the rest of the year.

"These forecasts are based on both a moderately softer macroeconomic environment, including an improvement in conditions in the United States as well as the assumption that currency exchange rates will not materially change from their current positions," said the company's statement.

Ciba is Switzerland's second largest producer of high-end chemicals, colours and additives. Its shares have fallen around 4.8 per cent this year in line with other big chemical companies.

swissinfo with agencies

In compliance with the JTI standards

In compliance with the JTI standards

More: SWI certified by the Journalism Trust Initiative

You can find an overview of ongoing debates with our journalists here. Please join us!

If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at

Sort by

Change your password

Do you really want to delete your profile?

Your subscription could not be saved. Please try again.
Almost finished... We need to confirm your email address. To complete the subscription process, please click the link in the email we just sent you.

Discover our weekly must-reads for free!

Sign up to get our top stories straight into your mailbox.

The SBC Privacy Policy provides additional information on how your data is processed.