Stock Market News

Clariant Shares Rise After Q1 Core Earnings Beat

2022.06.15 11:20

Clariant Shares Rise After Q1 Core Earnings Beat

By Scott Kanowsky 

Investing.com — Shares in Clariant AG (SIX:CLN) rose on Wednesday, after the Swiss speciality chemicals company reported a 27% rise in first quarter core earnings from continuing operations, beating estimates.

Core profit for the period came in at CHF 220M, above analyst forecasts compiled by the company. Clariant said the uptick was supported, in part, by solid performance at its Care Chemicals and Natural Resources units that helped offset higher raw material and energy costs, as well as supply chain constraints.

Sales from continuing operations were also better than expected, rising 30% in local currency and 26% in Swiss francs to CHF 1.26B, thanks to strong pricing.

Clariant confirmed its 2022 outlook, adding that it expects to improve its annual core earnings margin level despite the impact of geopolitical conflicts, high inflation, and COVID measures in China.

“Clariant had a strong start to 2022 despite the turbulent environment,” Clariant CEO Conrad Keijzer said in a statement. “Although the short-term macroeconomic uncertainty remains high, we are well on track to deliver on our mid-term targets.”

Source

Related Articles

Leave a Reply

Back to top button
bitcoin
Bitcoin (BTC) $ 86,063.06 0.10%
ethereum
Ethereum (ETH) $ 2,336.76 1.87%
tether
Tether (USDT) $ 0.999391 0.01%
xrp
XRP (XRP) $ 2.21 0.19%
bnb
BNB (BNB) $ 609.91 0.07%
solana
Solana (SOL) $ 139.47 3.30%
usd-coin
USDC (USDC) $ 1.00 0.00%
dogecoin
Dogecoin (DOGE) $ 0.208319 2.62%
cardano
Cardano (ADA) $ 0.669759 1.34%
staked-ether
Lido Staked Ether (STETH) $ 2,335.53 2.09%
tron
TRON (TRX) $ 0.229101 0.90%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 85,936.02 0.14%
chainlink
Chainlink (LINK) $ 15.54 2.91%
wrapped-steth
Wrapped stETH (WSTETH) $ 2,790.69 2.14%
litecoin
Litecoin (LTC) $ 130.23 6.49%
avalanche-2
Avalanche (AVAX) $ 23.10 7.02%
sui
Sui (SUI) $ 2.89 0.57%
stellar
Stellar (XLM) $ 0.288763 0.74%
shiba-inu
Shiba Inu (SHIB) $ 0.000015 4.54%
the-open-network
Toncoin (TON) $ 3.44 1.23%
hedera-hashgraph
Hedera (HBAR) $ 0.20247 5.99%
leo-token
LEO Token (LEO) $ 9.11 1.96%
polkadot
Polkadot (DOT) $ 5.05 6.76%
usds
USDS (USDS) $ 1.00 0.01%
mantra-dao
MANTRA (OM) $ 7.18 5.45%
weth
WETH (WETH) $ 2,336.59 2.35%
hyperliquid
Hyperliquid (HYPE) $ 20.30 4.49%
bitcoin-cash
Bitcoin Cash (BCH) $ 300.69 3.90%
ethena-usde
Ethena USDe (USDE) $ 0.999478 0.01%
bitget-token
Bitget Token (BGB) $ 4.11 8.69%
uniswap
Uniswap (UNI) $ 8.13 2.52%
wrapped-eeth
Wrapped eETH (WEETH) $ 2,476.66 2.34%
monero
Monero (XMR) $ 214.35 1.24%
whitebit
WhiteBIT Coin (WBT) $ 26.42 0.79%
near
NEAR Protocol (NEAR) $ 3.09 4.00%
aptos
Aptos (APT) $ 6.19 11.22%
pepe
Pepe (PEPE) $ 0.000008 3.99%
dai
Dai (DAI) $ 1.00 0.09%
internet-computer
Internet Computer (ICP) $ 6.64 4.33%
ondo-finance
Ondo (ONDO) $ 0.989036 3.07%
aave
Aave (AAVE) $ 205.52 2.42%
bittensor
Bittensor (TAO) $ 351.64 2.11%
susds
sUSDS (SUSDS) $ 1.04 0.28%
ethereum-classic
Ethereum Classic (ETC) $ 18.89 1.49%
okb
OKB (OKB) $ 46.19 2.52%
gatechain-token
Gate (GT) $ 21.48 0.58%
official-trump
Official Trump (TRUMP) $ 12.92 1.64%
mantle
Mantle (MNT) $ 0.75832 1.18%
tokenize-xchange
Tokenize Xchange (TKX) $ 30.32 5.52%
coinbase-wrapped-btc
Coinbase Wrapped BTC (CBBTC) $ 86,094.07 0.49%