Clariant shares fall on Middle East disruption risk to guidance
Updated
Updated · The Wall Street Journal · May 8
Clariant shares fall on Middle East disruption risk to guidance
5 articles · Updated · The Wall Street Journal · May 8
The stock traded 3.7% lower at 7.795 Swiss francs after Bernstein analyst James Hooper warned disruption could hit the Swiss chemicals group's more profitable second-quarter turnaround season.
Hooper said gains in areas such as care chemicals could be wiped out if disruption persists, but added the quarter may prove only a blip if spring and summer maintenance proceed normally.
A separate Vontobel note said first-quarter results were weak but expected, with savings programmes lifting EBITDA margins despite lower volumes, while markets and the Middle East conflict still cloud the outlook.
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