This presentation also includes forward-looking statements. We and our partners will store and/or access information on your device through the use of cookies and similar technologies, to display personalised ads and content, for ad and content measurement, audience insights and product development. The special dividend, amounting to $3 per share, hinges on the Swiss company completing the $1.6 billion sale of its masterbatches unit to PolyOne Corp POL.N, since the proceeds have been designated toward rewarding shareholders including Clariant's largest, 31.5% owner Saudi Basic Industries (SABIC) 2010.SE. CHF 231m provision) after 9 months, despite 6 % LC* sales decline in a difficult economic environment, *in local currency **incl. If you buy this business for its dividend, you should have an idea of whether Clariant’s dividend … 3 Nine Months / Third Quarter 2020 29 October 2020, First Nine Months & Third Quarter 2020 - Highlights, 9M 2020 vs. 9M 2019, figures from continuing operationsQ3 2020 vs. Q3 2019, figures from continuing operations, Profitability preserved with EBITDA margin at 14.8 % in 2020 at 2019 levels (7.7 % reported incl. ZURICH (Reuters) - Clariant CLN.S is scrapping a regular dividend as it hunkers down to survive the COVID-19 crisis, the Swiss specialty chemicals maker said on Thursday, while still planning a special $1 billion payout from asset-sale proceeds, if they go through. Clariant AG (OTCPK:CLZNF): Q3 adjusted EBITDA of CHF 137M. Yahoo is part of Verizon Media. CHF 231 million provision in Q2 2019 for a competition law investigation by the European Commission, 14 Nine Months / Third Quarter 2020 29 October 2020. Reporting by John Miller; Editing by Riham Alkousaa and Brenna Hughes Neghaiwi. Clariant AG reports Q3 results. These businesses demonstrate a clear focus on highly attractive, high-margin, and low- cyclicality segments.
The BA follows a lifestyle-driven megatrend and strengthens Clariant's position as a supplier of green and sustainable products. See here for a complete list of exchanges and delays. Analysts at Baaderbank Helvea said there had been previous speculation Clariant would ditch the special dividend while sticking to the regular one, concluding “the market might be positively surprised” with the move to do the opposite. A More Focused, High Value Specialty Portfolio Continuing Operations: BA Care Chemicals comprises the BU Industrial & Consumer Specialties (ICS), which includes Consumer Care, Industrial Applications, Base Products, Food Ingredients and Encapsulation Technologies. Clariant’s dividend yield stands at 17.6%, after the shares have fallen nearly a third since February.

In this way, the board intends to secure additional liquidity...while still fulfilling its commitment to shareholders.”. Information about your device and internet connection, including your IP address, Browsing and search activity while using Verizon Media websites and apps. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this document. Many of these risks and uncertainties relate to factors that are beyond Clariant's ability to control or estimate precisely, such as future market conditions, currency fluctuations, the behavior of other market participants, the actions of governmental regulators and other risk factors such as: the timing and strength of new product offerings; pricing strategies of competitors; the Company's ability to continue to receive adequate products from its vendors on acceptable terms, or at all, and to continue to obtain sufficient financing to meet its liquidity needs; and changes in the political, social and regulatory framework in which the Company operates or in economic or technological trends or conditions, including currency fluctuations, inflation and consumer confidence, on a global, regional or national basis. 15 Nine Months / Third Quarter 2020 29 October 2020, Discontinued Operations (Masterbatches and Pigments), On 1 July 2020, Clariant completed the sale of its entire Masterbatches business, 16 Nine Months / Third Quarter 2020 29 October 2020, Nine Months 2020 - Sales and EBITDA by Business Area, *in local currency **CHF 231 million provision for a competition law investigation by the European Commission (EC) ***2020 EBITDA figures include a total of CHF 55 million reversal for a competition law investigation by the EC (in Corporate) and CHF 58 million provision for the efficiency program (CHF 13 million to Care Chemicals, CHF 5 million to Catalysis, CHF 21 million to Natural Resources and CHF 19 million to Corporate) in the second quarter, 17 Nine Months / Third Quarter 2020 29 October 2020, Full Year 2019 - Sales and EBITDA by Business Area, *in local currency **CHF 231 million provision for a competition law investigation by the European Commission, 18 Nine Months / Third Quarter 2020 29 October 2020, • Spend avoidance, travel reduction and operationalflexibilization, • Capex reduction of non-strategic and non-safety-related projects, Resumption of efficiency program- reduction of approx. 2 Nine Months / Third Quarter 2020 29 October 2020. The upcoming dividend for Clariant will put a total of CHF3.00 per share in shareholders’ pockets, up from last year’s total dividends of CHF0.55. In addition, Catalysis is at the forefront of new market developments such as the commercialization and licensing of cellulosic ethanol technology. Distributed by Public, unedited and unaltered, on 29 October 2020 16:49:01 UTC, Q3 2020 vs. Q3 2019, figures from continuing operations, Profitability preserved with EBITDA margin at 14.8 %, Weaker volume development in all Business Areas primarily due to continued, As expected, Q3 2020 was the lowest sales quarter, Resilient sales development in Care Chemicals and Catalysis, underpinned by Personal Care and Crop Solutions growth, 9M 2020 EBITDA margin increased to 18.0 %, with a higher proportion of growth from Consumer Care, ; Petrochemicals sales development outpaced Syngas and Specialty Catalysts, in Q1 2020; underlying EBITDA margin was closer to previous year levels, compared to a particularly strong previous year, Q3 2020 EBITDA margin increased to 20.3 %, Sales in Oil and Mining Services (OMS) hampered. You can change your choices at any time by visiting Your Privacy Controls. 600 positions for approx. To enable Verizon Media and our partners to process your personal data select 'I agree', or select 'Manage settings' for more information and to manage your choices. Clariant does not undertake any obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date of these materials. All quotes delayed a minimum of 15 minutes. Clariant preserves profitability in first nine months of 2020 despite difficu.. Executive Chairman & Chief Executive Officer, Chief Financial Officer & Executive Vice President. Oct. 29, 2020 9:23 AM ET | About: Clariant AG (CLZNF) | By: Vandana Singh, SA News Editor . It develops, manufactures, and sells a wide range of catalyst products for the chemical and fuel industries, which contribute significantly to value creation in our customers' operations, ensuring that finite raw materials and energy are used efficiently. The special dividend, amounting to $3 per share, hinges on the Swiss company completing the $1.6 billion sale of its masterbatches unit to PolyOne Corp, , since the proceeds have been designated toward rewarding shareholders including Clariant's largest, 31.5% owner Saudi Basic Industries (SABIC). BA Natural Resources comprises the BUs Oil and Mining Services, Functional Minerals and since July 2019, also Additives. is scrapping a regular dividend as it hunkers down to survive the COVID-19 crisis, the Swiss specialty chemicals maker said on Thursday, while still planning a special $1 billion payout from asset-sale proceeds, if they go through. It is characterized by high growth and low cyclicality as well as a strong megatrend orientation.

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