Clariant AG (CLZNF) Q1 2025 Earnings Call Transcript

2025-04-29 12:48:04 ET

Clariant AG (CLZNF)

Q1 2025 Earnings Conference Call

April 29, 2025, 07:00 AM ET

Company Participants

Andreas Schwarzwälder - Head of Investor Relations

Conrad Keijzer - Chief Executive Officer

Bill Collins - Chief Financial Officer

Conference Call Participants

Christian Faitz - Kepler Cheuvreux

Thea Badaro - BNP Paribas

Katie Richards - Barclays

Georgina Fraser - Goldman Sachs

Chetan Udeshi - JPMorgan

Tristan Lamotte - Deutsche Bank

Walter Bamert - Zurcher Kantonalbank

James Hooper - Bernstein

Ranulf Orr - Citi

Presentation

Operator

Ladies and gentlemen, welcome to the Clariant First Quarter Figures 2025 Conference Call and Live Webcast. I am Maria, the Chorus Call operator. I would like to remind you that all participants will be in listen only mode and the conference is being recorded. The presentation will be followed by a Q&A session. [Operator Instructions] The conference must not be recorded for publication or broadcast.

At this time, it's my pleasure to hand over to Andreas Schwarzwälder, Head of Investor Relations. Please go ahead, sir.

Andreas Schwarzwälder

Thank you, Sandra. And ladies and gentlemen, good after -- sorry, Maria. I apologize. We are so used to Sandra. Thanks, Maria. Ladies and gentlemen, good afternoon. My name is Andreas Schwarzwälder, and it's my pleasure to welcome you to this call.

Joining me today are Conrad Keijzer, Clariant's CEO; and Bill Collins, Clariant's CFO. Conrad will start today's call by providing a summary of the first quarter developments, followed by Bill, who will guide us through the business unit results, performance improvement programs. Conrad will then conclude with the outlook for the full year 2025. There will be a Q&A session following our presentation. At this time, all participants are in listen only mode.

I would like to remind all participants that the presentation includes forward-looking statements, which are subject to risks and uncertainties. Listeners and readers are therefore encouraged to refer to the disclaimer on Slide 2 of today's presentation. As a reminder, the conference call will be recorded. A replay and a transcript of this call will be available in the Investor Relations section of the Clariant website.

Let me now hand over to Conrad to begin the presentation.

Conrad Keijzer

Thank you, Andreas.

Clariant's delivered strong start to the year in the first quarter of 2025 with further improved profitability in a challenging environment. Let me start by highlighting some key achievements. We delivered sales of CHF 1.013 billion. This result represents a 1% increase in local currencies and a stable performance in Swiss francs. Our EBITDA before exceptional items increased by 3% in absolute terms to CHF 190 million with a corresponding margin improvement of 70 basis points to 18.8%, driven by strong profitability across all business units....

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