By Maitane Sardon
Clariant shares slumped after the Swiss chemical company's operational profitability in the fourth quarter failed to meet analysts' expectations.
Shares were 11% lower at 9.45 Swiss francs in European morning trade on Friday.
Clariant said adjusted earnings before interest, taxes, depreciation and amortization fell 1% on year to 160 million Swiss francs ($177.8 million) in the fourth quarter, with a margin of 14.7%. The Ebitda figure missed analysts expectations by 12%, Jefferies said in a research note.
Sales rose 5% on a local currency basis to 1.09 billion Swiss francs, beating consensus expectations of 1.08 billion Swiss francs.
The company said it expects 3% to 5% growth in local currency sales for the full year 2025, and an Ebitda margin between 17% to 18%.
The company is more likely to achieve the low end of its sales guidance given the current macroeconomic backdrop, Jefferies analysts said.
Write to Maitane Sardon at maitane.sardon@wsj.com
(END) Dow Jones Newswires
February 28, 2025 04:30 ET (09:30 GMT)
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