Clariant Raises 2024 Margin Target To Around 16%
July 30 (Reuters) -CLARIANT AG CLN.S:
CLARIANT DELIVERS STRONG UNDERLYING MARGIN IMPROVEMENT IN THE SECOND QUARTER AND INCREASES 2024 PROFITABILITY OUTLOOK TO ~ 16 % EBITDA MARGIN
MEDIUM-TERM TARGETS CONFIRMED
OUTLOOK 2024: FLAT TO LOW SINGLE-DIGIT PERCENT SALES GROWTH IN LOCAL CURRENCY, INCREASE IN EXPECTED REPORTED EBITDA MARGIN BY 100 BASIS POINTS TO AROUND 16.0 %
Q2 SALES CHF 1.06 BILLION
Q2 EBITDA CHF 166 MILLION
Q2 EBITDA MARGIN 15.7%
Source text for Eikon: ID:nGNE9wy0s5
Further company coverage: CLN.S
(Gdansk Newsroom)
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