Clariant Sales Increase 2% in 2019 First Quarter Despite Slow Start in Plastics & Coatings Segment
On a regional basis, sales in Latin America, Europe, and the Middle East and Africa all reflected single-digit growth in local currency.
Clariant recently announced first quarter 2019 sales of CHF 1.7 billion (approximately $1.7 billion). According to the company, this corresponds to 2% organic growth in local currency, driven by higher pricing in all business areas.
On a regional basis, sales in Latin America, Europe, and the Middle East and Africa all reflected single-digit growth in local currency. Sales in both North America and Asia were down slightly (1%). The continued weaker demand in China reportedly negatively influenced group sales in the 2019 first quarter.