0854 GMT - Clariant's catalyst and adsorbents & additives business performance is weaker than expected due to unfavorable weather and lower factory usage rates, Baader Helvea analysts say in a note. The analysts expect the Swiss chemicals firm's catalyst refill cycles to remain extended, while new-build capacity will also remain well below 2020-22 levels, they say. In addition, wage inflation, in particular in Germany and North America, should offset the company's cost savings scheduled for 2025, the analysts say. Baader's estimates for Ebitda are 6.6% below consensus, they say. Shares rise 1.3% to 9.97 Swiss francs. (helena.smolak@wsj.com)
(END) Dow Jones Newswires
January 17, 2025 03:54 ET (08:54 GMT)
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