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CLN — Clariant AG News Story

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Clariant shares edge up after Q2 earnings beat

BUZZ-Clariant shares edge up after Q2 earnings beat

** Shares in Clariant CLN.S edge up 2.5% after the Swiss chemical company's earnings exceeded expectations

** The company posted adjusted EBITDA at 171.1 million Swiss francs (211.99 million), beating analysts' forecast of 152 million francs seen in a company-provided poll

** "Restructuring and major cost-cutting efforts supported higher profitability, but slightly slower than expected" Sibylle Bischofberger from Vontobel said

** Clariant extends Thursday's 17% rally after a Dutch court dismissed Shell's SHEL.L damages claim

** Including today's rise the stock has gained 27.09% YTD​

($1 = 0.8065 Swiss francs)


(Reporting by Cian Muenster)

((Cian.Muenster@thomsonreuters.com))

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