Clariant announces the divestment of its business in Venezuela
Source: GlobeNewswireAD HOC ANNOUNCEMENT PURSUANT TO ART. 53 LR
| Clariant announces the divestment of its business in Venezuela |
MUTTENZ, DECEMBER 19, 2025
Clariant, a sustainability-focused specialty chemical company, today announced that it signed and closed the divestment of its legal entity (Clariant Venezuela S.A.) in Venezuela for USD ~1.8 million (CHF ~ 1.4 million) to CMV Química, C.A., Venezuela as part of the ongoing footprint optimization. In 2024, Clariant’s operations in Venezuela generated sales of around CHF 3 million and employed around 60 people.
Following the divestment of the Group’s operations in Venezuela and in accordance with IFRS, a CHF ~ 236 million cumulative translation adjustments (CTA) currently recorded as a separate component in the equity of the balance sheet (“cumulative translation reserves”), will be recycled through the income statement within the financial result. This reclassification of the cumulative translation reserves is a noncash item. It will reduce reported net profit and reported earnings per share (EPS) for 2025. The reclassification and recycling will have no impact on Clariant’s cash flow statement, the Board of Director’s shareholder distribution framework and Clariant’s profitability guidance of EBITDA before exceptional items of 17 – 18 % for 2025.
| CORPORATE MEDIA RELATIONS Jochen Dubiel Phone +41 61 469 63 63 jochen.dubiel@clariant.com Ellese Caruana Phone +41 61 469 63 63 ellese.caruana@clariant.com Luca Lavina Phone +41 61 469 63 63 luca.lavina@clariant.com Follow us on X, Facebook, LinkedIn, Instagram. | INVESTOR RELATIONS Andreas Schwarzwälder Phone +41 61 469 63 73 andreas.schwarzwaelder@clariant.com Thijs Bouwens Phone +41 61 469 63 73 thijs.bouwens@clariant.com |
| This media release contains certain statements that are neither reported financial results nor other historical information. This document also includes forward-looking statements. Because these forward-looking statements are subject to risks and uncertainties, actual future results may differ materially from those expressed in or implied by the statements. Many of these risks and uncertainties relate to factors that are beyond Clariant’s ability to control or estimate precisely, such as future market conditions, currency fluctuations, the behavior of other market participants, the actions of governmental regulators, and other risk factors such as: the timing and strength of new product offerings; pricing strategies of competitors; the Company’s ability to continue to receive adequate products from its vendors on acceptable terms, or at all, and to continue to obtain sufficient financing to meet its liquidity needs; and changes in the political, social, and regulatory framework in which the Company operates or in economic or technological trends or conditions, including currency fluctuations, inflation, and consumer confidence, on a global, regional, or national basis. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this document. Clariant does not undertake any obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date of these materials. www.clariant.com Clariant is a focused specialty chemical company led by the overarching purpose of “Greater chemistry – between people and planet.” By connecting customer focus, innovation, and people, the company creates solutions to foster sustainability in different industries. On 31 December 2024, Clariant totaled a staff number of 10 465 and recorded sales of CHF 4.152 billion in the fiscal year for its continuing businesses. Since January 2023, the Group conducts its business through the three Business Units Care Chemicals, Catalysts, and Adsorbents & Additives. Clariant is based in Switzerland. | |
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