Clariant delivers solid Q4 underlying EBITDA margin; proposes stable shareholder distribution per share; expects growth and improving profitability in 2024

Clariant AG, a Swiss specialty chemicals company, has announced its financial results for the fourth quarter of 2023. The company reported a sales decrease of 10% organically in local currency to CHF 1.062 billion compared to a strong comparable in Q4 2022. However, the company also experienced a sequential sales increase of 4% in local currency driven by volume growth.

Despite this decline in sales, Clariant was able to maintain a solid EBITDA margin of 10.0% in Q4 2023. This was impacted by provisions related to the company's ongoing restructuring efforts and the integration of its recent acquisition of Huntsman Corporation.

In addition to its financial performance, Clariant also announced that it plans to propose a stable shareholder distribution per share for 2024. The company expects growth and improving profitability in the coming year, driven by its ongoing restructuring efforts and the integration of its recent acquisition.

Overall, Clariant's solid Q4 underlying EBITDA margin and plans for stable shareholder distribution per share suggest that the company is well-positioned to continue delivering value to its stakeholders in the coming year.