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CLN — Clariant AG News Story

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Clariant falls as Middle East conflict weighs

** Shares in Clariant CLN.S are down 3.2% after the Swiss speciality chemicals maker flagged lower demand and higher costs linked to the war in Iran after reporting lower-than-expected earnings

** Clariant kept its guidance for the year unchanged but said the war was causing higher input costs, and overall elevated uncertainty and volatility

** Adjusted for exceptional items, EBITDA fell 16% yoy, slightly below analysts' forecast

** "The markets and the Middle East conflict do

not support better results," Vontobel says

** The broker adds that the ethylene lawsuit is also weighing on the company

 (Reporting by Bartosz Dabrowski in Gdansk)

 ((bartosz.dabrowski@thomsonreuters.com; +48 58 7696560;))

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