Clariant Q1 profit falls 16 percent on Middle East war
Clariant reported a 16 percent drop in quarterly core profit to 160.2 million francs. The Middle East conflict hit catalyst demand and raised energy costs.
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Xurve View
Clariant AG-REG reported a 16% drop in Q1 EBITDA to 160.2 million Swiss francs ($205.44 million). The result missed analyst expectations of 162 million francs as geopolitical conflict disrupted the catalysts business. Rising input costs and demand volatility in the Middle East are pressuring margins for energy-intensive chemical producers.
