Clariant delays 2021 results amid accounting probe
© Reuters. FILE PHOTO: The logo of Swiss specialty chemicals company Clariant is seen at the company’s headquarters in Pratteln, Switzerland August 9, 2017. REUTERS/Arnd Wiegmann
ZURICH (Reuters) – Clariant postponed the release of its 2021 results while an independent investigation reviews allegations from whistleblowers of improper booking of provisions and accruals during 2020 and 2021, the Swiss chemicals group said on Monday.
Clariant expects to achieve its EBITDA margin guidance of 16-17% for continuing operations in 2021, whose sales rose 15% in local currency to 4.37 billion Swiss francs ($4.72 billion), according to preliminary data, it said in a statement.
($1 = 0.9252 Swiss francs)
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