Latest news with #Clariant
Zawya
04-08-2025
- Business
- Zawya
Saudi chemical maker SABIC reports another surprise loss in Q2
DUBAI: Saudi chemicals company SABIC reported another surprise quarterly loss on Sunday, after deciding to shut a cracker in Britain amid a restructuring of its business during an industry slowdown. SABIC reported a net loss of 4.07 billion riyals ($1.09 billion) for the three months to June 30, missing analysts' expectations of a profit of 504 million riyals, LSEG data showed. Shares declined 1.6% at the open to 53.8 riyals a piece. SABIC, 70% owned by oil major Saudi Aramco, has posted three consecutive losses in quarterly earnings as the chemicals industry grapples with weak demand that has weighed on sales. The company attributed the latest loss mainly to a 3.78 billion riyals impairment related to the cracker closure, as well as impairment charges for its investment in Swiss speciality chemicals maker Clariant due to its share price decline. In another filing on Sunday, the company proposed a dividend of 1.5 riyals per share for the first half of the year. SABIC shares are down almost 19% this year on the Saudi exchange. The company said last month it was studying strategic options for its National Industrial Gases Company, including an initial public offering, amid a broad review of its business. SABIC said in a statement the move was in line with its portfolio optimisation and core business focus strategy, adding that an IPO of GAS would be aimed at improving the group's "financial position and the value added for shareholders". ($1 = 3.7511 riyals) (Reporting by Hadeel Al Sayegh; Editing by Toby Chopra and William Mallard)
The National
03-08-2025
- Business
- The National
Saudi chemical maker Sabic reports third straight quarterly loss
Saudi Basic Industries Corporation, the Middle East's biggest petrochemicals company, reported a third consecutive quarterly loss on Sunday, after deciding to shut a cracker production plant in the UK as part of a restructuring drive. Sabic posted a net loss for the three months to the end of June of 4.07 billion riyals ($1.09 billion), compared with a net profit of 2.18 billion riyals during the same period last year, it said in a filing to the Tadawul stock exchange, where its shares are traded. The results missed analysts' expectations of a profit of 504 million riyals, Reuters reported. Sabic, which is 70 per cent owned by oil major Saudi Aramco, has posted three consecutive losses in quarterly profits as the chemicals industry grapples with weak demand that has affected sales. The company attributed the latest loss mainly to a 3.78-billion-riyal impairment related to the closure of its cracker plant in Teesside, the UK. 'This action is in line with the company's review of its business portfolio with the aim of reducing costs and improving profitability,' Sabic said. It also cited impairment charges for its investment in Swiss speciality chemicals maker Clariant due to its share price decline. Revenue during the latest quarter, however, rose 3 per cent from the previous three-month period, to 35.6 billion riyals due to 'increased sales volumes offset by a decrease in average product selling prices', the company said. As a result of excess production capacity, operating rates remain below the historical global average, leading to margin pressure due to oversupply Abdulrahman Al Fageeh, Sabic chief executive 'As a result of excess production capacity, operating rates remain below the historical global average, leading to margin pressure due to oversupply,' said Abdulrahman Al Fageeh, chief executive of Sabic. 'The cost optimisation initiatives we launched in the first quarter … aim to deliver, by 2030, a recurring annual Ebitda impact of $3 billion.' The company plans to spend between $3 billion and $3.5 billion this year. The global economy is facing headwinds as US President Donald Trump's push to impose heavy tariffs on trading partners stokes fears. The disruption in global commerce will severely dent economic growth. In another filing on Sunday, Sabic proposed a dividend of 1.5 riyals per share for the first half of the year. Shares declined 2 per cent to 53.55 riyals each. Market sentiment remained uncertain during the second quarter of 2025, weighed down by global economic uncertainty and geopolitical tension, Sabic said. The manufacturing purchasing managers' index averaged slightly below 50, signalling persistent softness in demand, the company added. Sabic is playing a key role in Saudi Arabia's plan to reduce its reliance on oil exports. The company said projects such the Petrokemya MTBE plant in Saudi Arabia and Sabic Fujian complex in China were progressing according to plan. Last year, Sabic announced investments worth $6.4 billion in the Sabic Fujian petrochemical complex as part of its expansion plans in the world's second-largest economy.
Yahoo
03-08-2025
- Business
- Yahoo
Clariant First Half 2025 Earnings: EPS: CHF0.079 (vs CHF0.48 in 1H 2024)
Clariant (VTX:CLN) First Half 2025 Results Key Financial Results Revenue: CHF1.98b (down 4.3% from 1H 2024). Net income: CHF26.0m (down 83% from 1H 2024). Profit margin: 1.3% (down from 7.6% in 1H 2024). EPS: CHF0.079 (down from CHF0.48 in 1H 2024). Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. All figures shown in the chart above are for the trailing 12 month (TTM) period Clariant Earnings Insights Looking ahead, revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Chemicals industry in Switzerland. Performance of the Swiss Chemicals industry. The company's shares are down 5.1% from a week ago. Risk Analysis We don't want to rain on the parade too much, but we did also find 3 warning signs for Clariant (1 can't be ignored!) that you need to be mindful of. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
02-08-2025
- Business
- Yahoo
Analysts Are Updating Their Clariant AG (VTX:CLN) Estimates After Its Half-Year Results
Last week, you might have seen that Clariant AG (VTX:CLN) released its half-year result to the market. The early response was not positive, with shares down 5.1% to CHF8.40 in the past week. It was an okay report, and revenues came in at CHF2.0b, approximately in line with analyst estimates leading up to the results announcement. The analysts typically update their forecasts at each earnings report, and we can judge from their estimates whether their view of the company has changed or if there are any new concerns to be aware of. We thought readers would find it interesting to see the analysts latest (statutory) post-earnings forecasts for next year. Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. Following last week's earnings report, Clariant's 14 analysts are forecasting 2025 revenues to be CHF4.09b, approximately in line with the last 12 months. Statutory earnings per share are predicted to shoot up 53% to CHF0.53. Before this earnings report, the analysts had been forecasting revenues of CHF4.09b and earnings per share (EPS) of CHF0.55 in 2025. So it looks like there's been a small decline in overall sentiment after the recent results - there's been no major change to revenue estimates, but the analysts did make a small dip in their earnings per share forecasts. See our latest analysis for Clariant It might be a surprise to learn that the consensus price target was broadly unchanged at CHF11.36, with the analysts clearly implying that the forecast decline in earnings is not expected to have much of an impact on valuation. That's not the only conclusion we can draw from this data however, as some investors also like to consider the spread in estimates when evaluating analyst price targets. There are some variant perceptions on Clariant, with the most bullish analyst valuing it at CHF16.00 and the most bearish at CHF9.00 per share. Note the wide gap in analyst price targets? This implies to us that there is a fairly broad range of possible scenarios for the underlying business. Another way we can view these estimates is in the context of the bigger picture, such as how the forecasts stack up against past performance, and whether forecasts are more or less bullish relative to other companies in the industry. The analysts are definitely expecting Clariant's growth to accelerate, with the forecast 1.3% annualised growth to the end of 2025 ranking favourably alongside historical growth of 0.6% per annum over the past five years. Compare this with other companies in the same industry, which are forecast to see revenue growth of 4.4% annually. So it's clear that despite the acceleration in growth, Clariant is expected to grow meaningfully slower than the industry average. The Bottom Line The biggest concern is that the analysts reduced their earnings per share estimates, suggesting business headwinds could lay ahead for Clariant. Fortunately, the analysts also reconfirmed their revenue estimates, suggesting that it's tracking in line with expectations. Although our data does suggest that Clariant's revenue is expected to perform worse than the wider industry. The consensus price target held steady at CHF11.36, with the latest estimates not enough to have an impact on their price targets. With that in mind, we wouldn't be too quick to come to a conclusion on Clariant. Long-term earnings power is much more important than next year's profits. We have estimates - from multiple Clariant analysts - going out to 2027, and you can see them free on our platform here. It is also worth noting that we have found 2 warning signs for Clariant (1 can't be ignored!) that you need to take into consideration. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Fibre2Fashion
31-07-2025
- Business
- Fibre2Fashion
Clariant & Shanghai Electric ink green energy partnership
Clariant, a sustainability-focused specialty chemical company, today announced that it has signed a strategic cooperation agreement with Shanghai Boiler Works, a full subsidiary of Shanghai Electric, specializing in energy conversion and the development of new energy applications, to jointly foster innovation in sustainable energy solutions. The partners will combine their expertise to advance green energy projects in China. The agreement is the result of close and successful cooperation in Shanghai Electric's new biomass-to-green methanol plant in Taonan, Jilin Province, China. In addition to supplying its MegaMax catalysts, Clariant provided technical on-site support during the successful startup of the 50,000 tons/y plant. The second phase of the project, with a capacity of 200,000 tons/y green methanol and 10,000 tons/y SAF, is expected to start production in 2027. The ceremony for the official signing of the partnership contract took place last week at the Clariant Innovation Center in Frankfurt, Germany. Georg Anfang, Vice President at Clariant , commented, 'We are proud to add China's first biomass to green methanol plant in Taonan to a strong series of facilities that are already producing green methanol with our high-performance MegaMax catalysts. As China is becoming one of the frontrunners in the energy transition, our strategic alliance with Shanghai Electric will further strengthen Clariant´s footprint as a key enabler to produce clean energy, chemicals, and fuels.' Clariant and Shanghai Boiler Works, a unit of Shanghai Electric, have signed a strategic agreement to advance green energy in China. Building on their collaboration in a biomass-to-green methanol plant in Taonan, the partnership will focus on R&D, engineering, and turnkey solutions using Clariant's catalysts for green fuels, including SAF and e-methanol. Qiu Jiayou, Vice President at Shanghai Electric, added, 'We are proud of the successful launch of our new project and are equally delighted about our strategic agreement with Clariant, a company which understands and shares our vision for the future. Our teams look forward to joining forces to develop exceptional, sustainable energy solutions for customers around the globe.' Shanghai Electric is a global leader in industrial and energy solutions, specializing in power generation and transmission, intelligent manufacturing, and automation systems. The company leverages cutting-edge technological innovations to empower industries and deliver sustainable value. The strategic cooperation agreement will unite Shanghai Electric's process competence and plant design capabilities with Clariant's catalyst expertise. The scope of the agreement includes collaborative research and development, engineering design services, supply of chemical equipment, and turnkey solutions. Clariant will share its extensive knowledge and advanced catalysts for producing green methanol, e-methanol, green ammonia, and sustainable aviation fuel, as well as for gas purification. Note: The headline, insights, and image of this press release may have been refined by the Fibre2Fashion staff; the rest of the content remains unchanged. ALCHEMPro News Desk (HU)
