9th May 2006 07:00
Clariant09 May 2006 May 9, 2006 Media Release Clariant Delivers Good Sales Growth in Q1 Moderate Increase in Profitability • Organic growth of 6% plus 5% positive currency effect, totalling an 11% increase• Net income rises 31% to CHF 94 million• EBIT margin grows to 7.2% from 7.0%• Performance improvements deliver savings of CHF 60 million• Raw material costs up 2% year-on-year• Positive outlook for 2006 maintained, with substantial cost reductions on track Key Financial Group Figures First Quarter 2006 % 2005 % % CHF mn of sales CHF mn of sales Change CHF Sales 2 161 100.0 1 992 100.0 Local currency growth (LC): 3% - Organic growth (2) 6% - Acquisitions/Divestitures (1) -3% Currencies 5% Gross profit 651 30.1 613 30.8 +6 EBITDA before exceptionals 226 10.5 208 10.4 +9 EBITDA 220 10.2 183 9.2 +20 Operating income 156 7.2 139 7.0 +12 before exceptionals Operating income 150 6.9 110 5.5 +36 Net income/loss from 94 4.3 72 3.6 +31 continuing operations Operating cash flow -9 22 31.03.2006 31.12.2005 Net debt 1 587 1 508 Equity (including minorities) 2 733 2 591 Gearing 58% 58% Number of employees 23 176 23 383 (1) Acquisitions/Divestitures in 2005 included Clariant Acetyl Building Blocks,Germany, of the Life Science Chemicals Division, and was sold in July 2005. (2) "Organic growth": Volume and price effects excluding the impacts of changes in FX rates and acquisitions/divestitures. Paste the following link into your web browser to download the PDF documentrelated to this announcement: http://www.rns-pdf.londonstockexchange.com/rns/6470c_-2006-5-9.pdf This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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