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)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.