Clariant's underlying core profit misses forecasts, shares slump
The Swiss speciality chemicals maker said its adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) grew 1% to 160 million Swiss francs ($177.6 million) in the quarter, well below analysts' forecast of 181 million francs in a company-provided poll.
"Overall, a miss in Q4 and weaker 2025 guide might result in some underperformance of the shares today," J.P.Morgan analysts said in a note to investors.
Clariant, whose chemicals are used in production of smartphones and electric vehicles, confirmed its 2025 targets for an EBITDA margin of 17% to 18% and sales growth of 3% to 5% in local currency.
However, CEO Conrad Keijzer said during a press call that the sales growth would likely be at the lower end of the guided range given the challenging market conditions.
The energy-intensive chemicals sector has seen an unprecedented drop in order volumes over the past two years, as customers sought to reduce inventories amid soaring energy prices, high inflation and escalating geopolitical tensions.
This year, the European industry will face another challenge in the form of U.S. President Donald Trump's planned 25% tariffs on imports from the European Union.
"Tariffs are not good for business. They're not good for economic growth. They're not good for inflation," Keijzer said.
He said the tariffs would not directly hit Clariant, which typically produces chemicals locally at its 68 sites around the world. It also does not have any local U.S. competitors in the segments it is active in, Keijzer added.
Clariant proposed a dividend of 0.42 Swiss franc per share, in line with what it paid out last year.
($1 = 0.9008 Swiss francs)
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