Clariant AG : Clariant with clear strategic targets up to 2015
(Thomson Reuters ONE) -
Clariant AG /
Clariant AG : Clariant with clear strategic targets up to 2015
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* EBITDA margin > 17%
* Return on invested capital (ROIC) above peer group average
* More than 70% of total sales from non-cyclical core Business Units
* Implementation of strategic portfolio activities planned within the next 18
months
Muttenz, 22 June 2012 - The Swiss specialty chemicals company Clariant will
continue to consistently implement its profitable growth strategy during the
next three years, as announced by CEO Hariolf Kottmann and CFO Patrick Jany at
this year's Capital Markets & Media Day in Munich, Germany. The goal is, amongst
others, to increase the company's EBITDA margin from 13.2% in 2011 to above 17%
in 2015 and to achieve a return on invested capital (ROIC) that is above peer
group average. Clariant will in future generate more than 70% of its sales with
core non-cyclical business units.
In order to achieve these goals, considerable progress has to be made in all
four strategic directions. Within the existing Business Units, a further
profitability increase is planned through Performance Management and Functional
Excellence measures. Successful innovations will generate new growth
opportunities, as demonstrated already today by new products such as Exolit®, a
successful flame retardant, or Life Power®, a high-performance battery material.
In addition, increased market shares in emerging markets such as China, India
and Brazil will further boost profitable growth.
An active portfolio management will play an important role on the path to a
sustainably profitable company. As already announced with the publication of the
2011 full year results, the company will sustainably increase the quality and
performance of its product portfolio. In this context, Clariant is evaluating
strategic options for the Business Units Textile Chemicals, Paper Specialties,
and Emulsions, Detergents & Intermediates. These options are planned to be
implemented during the next 18 months.
CEO Hariolf Kottmann: "We will implement these portfolio management measures
with the same speed and determination as that of our activities in the
restructuring phase. They are an important pre-requisite for reaching our
targets by 2015. At that point, a newly aligned Clariant will be even more
profitable and will generate more than 70% of its sales from non-cyclical
business units. The acquisition of Süd-Chemie marked a first milestone in this
process. We will continue this success story in the next years."
The acquisition of Süd-Chemie was an important first step for Clariant. Already
in 2011 the former Süd-Chemie businesses contributed significantly to the
company's results. Until end 2013, an additional EBITDA improvement of CHF
90-115 million is expected from synergies resulting from the integration. The
transaction will be accretive in 2013, i.e. in the second year after the
acquisition. In addition, the transaction was fully refinanced within less than
twelve months.
Tel. E-mail
Corporate Media Relations
Kai Rolker +41 61 469 6363 kai.rolker(at)clariant.com
Stefanie Nehlsen +41 61 469 6363 stefanie.nehlsen(at)clariant.com
Investor Relations Tel. E-Mail
Ulrich Steiner +41 61 469 6745 ulrich.steiner(at)clariant.com
Siegfried Schwirzer +41 61 469 6749 siegfried.schwirzer(at)clariant.com
clariant.com
Clariant is an internationally active specialty chemical company, based in
Muttenz near Basel. The group owns over 100 companies worldwide and employed
22 149 employees on December 31, 2011. In the financial year 2011, Clariant
produced a turnover of CHF 7.4 billion. Clariant is divided into eleven
business units: Additives; Catalysis & Energy; Emulsions, Detergents &
Intermediates; Functional Materials; Industrial & Consumer Specialties;
Leather Services; Masterbatches; Oil & Mining Services; Paper Specialties;
Pigments; Textile Chemicals.
Clariant focuses on creating value by investing in future profitable and
sustainable growth, which is based on four strategic pillars: Improving
profitability, innovation as well as research and development, dynamic growth
in emerging markets, and optimizing the portfolio through complementary
acquisitions or divestments. It is divided into eleven business units:
Additives; Catalysis & Energy; Emulsions and Detergents & Intermediates;
Functional Materials; Industrial & Consumer Specialties; Leather Services;
Masterbatches; Oil & Mining Services; Paper Specialties; Pigments; Textile
Chemicals.
Press Release deutsch:
http://hugin.info/100166/R/1621374/518128.pdf
Press Release english:
http://hugin.info/100166/R/1621374/518127.pdf
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originality of the information contained therein.
Source: Clariant AG via Thomson Reuters ONE
[HUG#1621374]
Unternehmensinformation / Kurzprofil:
Datum: 22.06.2012 - 07:00 Uhr
Sprache: Deutsch
News-ID 159000
Anzahl Zeichen: 6082
contact information:
Town:
Muttenz 1
Kategorie:
Business News
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