. >> the same for the draghi report and cmu and banking unit. want the continent to be successful, we have to crack on. nice to see you. christian edelmann at oliver wymann. >>> coming up on the show, swiss maker clariant missed on third quarter expectations. conrad keijzer, the ceo, will speak to us next. >>> welcome back. the swiss chemicals maker clariant missed third quarter profits. ebidta fell 30% to 139 million swiss in the period. shares down 5%. well, delighted to say conrad keijzer joins us. co conrad, tough day on the performance. you are among restructuring. talk us through what you make of the current environment and how you're responding. >> yeah, steve, good morning. good to be with you. if you look at the third quarter, a slight miss in earnings, but if you actually corrected for some restructuring charges we took, we weresconsen. we were pleased with the overall. ebitda margins down from last year. lower top line growth of minus 1% in local currency. one comment about that that was entirely driven by delay in orders for catalyst