Clariant: negative share price reaction after 2018 results
(CercleFinance.com) - Clariant maintained its outlook, as the Swiss chemicals maker increased sales, profitability and operating cash flow in 2018.
Clariant, which makes flame retardants for healthcare packaging, amongst other products, posted annual net income of 356 million Swiss francs, compared to 302 million Swiss francs in 2017.
The specialty chemical company said full-year 2018 sales rose to 6.6 billion Swiss francs, compared to 6.4 billion Swiss francs.
The group confirmed its 2021 guidance of outperforming the market, with higher profitability and stronger cash generation.
However, Clariant did not provide any specific targets for 2019, prompting the share price to fall this morning in Zurich.
The share is currently down 3.3% at 19.3 Swiss francs.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
Clariant, which makes flame retardants for healthcare packaging, amongst other products, posted annual net income of 356 million Swiss francs, compared to 302 million Swiss francs in 2017.
The specialty chemical company said full-year 2018 sales rose to 6.6 billion Swiss francs, compared to 6.4 billion Swiss francs.
The group confirmed its 2021 guidance of outperforming the market, with higher profitability and stronger cash generation.
However, Clariant did not provide any specific targets for 2019, prompting the share price to fall this morning in Zurich.
The share is currently down 3.3% at 19.3 Swiss francs.
Copyright (c) 2019 CercleFinance.com. All rights reserved.