# Switzerland’s Clariant sees slight sales drop in 2023
Author:  Pal Sinha, Barnali 
Author URL: https://financedigest.com/author/pal-sinha-barnali
Published: 2023-03-02
Category: FINANCE
Category URL: https://financedigest.com/category/finance
Meta Title: Clariant expects slight sales decline in 2023 driven by
Meta Description: Clariant predicts a slight drop in annual sales for 2023 after in line sales for 2022 driven by catalyst chemicals. Explore the latest updates.
URL: https://financedigest.com/switzerlands-clariant-sees-slight-sales-drop-in-2023html

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(Reuters) -Clariant said on Thursday it expects annual sales to slightly decline in 2023 after reporting sales for the full year fairly in line with expectations, driven by catalyst chemicals.

The company, whose chemicals are used in personal and home care products, said it expects 2023 sales of around 5 billion Swiss francs ($5.30 billion), down from 5.198 billion a year earlier.

The outlook included a net negative impact of around 130 million francs from divestments and a bolt-on acquisition, the company said.

It also expects an increasing negative annualized [hit from the Sunliquid plant in Romania and a persisting](https://www.financedigest.com/uk-consumer-mood-hits-one-year-high-but-financial-gloom-persists.html "UK consumer mood hits one-year high, but financial gloom persists") inflationary environment.

In the fourth quarter of 2022, pricing continued to have a significant positive impact on [sales growth and EBITDA margin](https://www.financedigest.com/truck-maker-volvo-posts-record-q1-as-sales-margins-beat-forecasts.html "Truck maker Volvo posts record Q1 as sales, margins beat forecasts"), despite softer end markets in some businesses,” Chief Executive Officer Conrad Keijzer said in a statement.

In recent months, Clariant has [managed to offset raw materials and energy costs hitting the industry](https://www.financedigest.com/senior-managers-regime-what-does-it-mean-for-the-industry.html "SENIOR MANAGERS REGIME – WHAT DOES IT MEAN FOR THE INDUSTRY?") by passing them on to customers through price increases.

Clariant said it aimed to improve reported group core [profit margin](https://www.financedigest.com/inflation-boosts-jeronimo-martins-q4-profit-but-dents-margins.html "Inflation boosts Jeronimo Martins’ Q4 profit but dents margins") level in 2023, as it expects a continued recovery in its catalysts business to offset lower sales volumes in its other units.

Catalyst [sales rose 18% in local](https://www.financedigest.com/kfc-franchisees-in-russia-ask-govt-to-halt-sale-of-stores-to-local-operator-ria.html "KFC franchisees in Russia ask govt to halt sale of stores to local operator – RIA") currency in the fourth quarter, mainly driven by volume growth.

The [company said in October it expected prices for raw materials](https://www.financedigest.com/uk-to-fine-tech-companies-that-fail-to-remove-self-harm-material.html "UK to fine tech companies that fail to remove self-harm material") and energy to have peaked.

($1 = 0.9426 Swiss francs)

(Reporting by Linda Pasquini and Marta Frackowiak; Editing by Christopher Cushing and Sonia Cheema)


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