- Clariant sold its Venezuelan entity for USD 1.8 million to CMV Química, C.A.
- In 2024, Clariant's Venezuelan operations generated CHF 3 million in sales.
- The divestment will lead to a CHF 236 million noncash reclassification.
- This reclassification will not affect Clariant's cash flow or EBITDA guidance.
Divestment Details
Clariant has completed the sale of its Venezuelan legal entity, Clariant Venezuela S.A., to CMV Química, C.A. for approximately USD 1.8 million (CHF 1.4 million). This transaction is part of Clariant's ongoing strategy to optimize its global footprint.
Financial Impact
In 2024, Clariant's operations in Venezuela generated sales of around CHF 3 million and employed approximately 60 people. The divestment will result in a CHF 236 million cumulative translation adjustment (CTA) being reclassified through the income statement, impacting reported net profit and earnings per share (EPS) for 2025.
Noncash Reclassification
The reclassification of the cumulative translation reserves is a noncash item and will not affect Clariant's cash flow statement. Additionally, it will not impact the Board of Director’s shareholder distribution framework or Clariant’s profitability guidance of EBITDA before exceptional items of 17 – 18% for 2025.
