Clariant third-quarter profit and sales fall as economic climate worsens

By Reuters• last updated: 30/10/2019

A woman stands next to a logo of Swiss specialty chemicals company Clariant ahead of a news conference to present the company's full-year results, in Zurich, Switzerland, February 14, 2018. REUTERS/Moritz Hager/Files -

MORITZ HAGER(Reuters)

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ZURICH (Reuters) – Switzerland’s Clariant <CLN.S> on Wednesday reported weaker-than-expected earnings and sales during its third quarter, saying it was seeing a worsening economic climate.

Sales fell by 1% to 1.043 billion Swiss francs (815.79 million pounds), missing analyst forecasts of 1.06 billion francs, according to Refinitiv data.

Earnings before interest, tax, depreciation and amortisation also fell by 1% to 169 million francs, missing expectations for 178 million francs.

(Reporting by John Revill; Editing by Tassilo Hummel)

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