‘Economic tailwind’ lifts Clariant’s performance

“In the first half of 2010 the economic tailwind leveraged the results of our restructuring programme,” said Clariant CEO Hariolf Kottmann. “Consequently we recorded a good operating income before exceptionals and a strong cash flow. We maintained our good cost position and further reduced our debt.

“For the second half of the year we predict a softening in demand compared to the first half as a result of a weaker economy and the traditional seasonal effects of our businesses. Until the end of the year we will continue with our focus on restructuring with the expected impact of restructuring costs on our net income. All in all we expect a satisfactory year 2010 for our company.”

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