CLZNF - Clariant AG reports Q1 results; issues Q2 and FY22 guidance

Clariant AG press release (OTCPK:CLZNF): Q1 continuing operations EBITDA increased to CHF 220M with a corresponding margin of 17.4 %, slightly exceeding the 17.3 % reported in the first quarter of the previous year. Revenue of CHF 1.26B (+26.0% Y/Y). Outlook: Clariant aims to grow above the market to achieve higher profitability through sustainability and innovation. Clariant is now a truly specialty chemicals company and confirms its 2025 ambition to deliver profitable growth (4 – 6%), a Group EBITDA margin between 19 – 21%, and a free cash flow conversion of around 40%. In the second quarter of 2022, Clariant expects to generate continued strong sales growth in local currency versus the prior year, underpinned by expansion in all Business Areas despite a normalizing growth environment. Clariant expects to improve on its restated Y/Y margin levels in the second quarter of 2022. For the full year 2022, Clariant expects strong growth

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Clariant AG reports Q1 results; issues Q2 and FY22 guidance