Clariant targets profitable growth with an EBITDA margin above 17% in 2015
(Thomson Reuters ONE) -
Clariant AG /
Clariant targets profitable growth with an EBITDA margin above 17% in 2015
. Processed and transmitted by Thomson Reuters ONE.
The issuer is solely responsible for the content of this announcement.
* Clariant publishes 2011 and 2015 targets including Süd-Chemie
* Focus on disciplined value-based performance management to drive growth
* Intention to reinstate dividend payments for the current business year
Muttenz, 7 June 2011 - Clariant, a world leader in specialty chemicals, has
raised today its 2011 sales and margin targets on the occasion of its capital
markets event. The company expects sales growth in the high single-digit range
in local currency compared to 2010 and an EBITDA margin between 13.5-14.5%. For
2015, Clariant targets sales above CHF 10 billion and an EBITDA margin before
exceptional items above 17%.
Based on its four pillars strategy and supported by the continuous improvement
initiative "Clariant Excellence", Clariant is well underway to meet its 2015
targets. A consequent implementation of performance optimization measures in the
current portfolio, the build-up of an efficient R&D and Innovation organization,
the elimination of geographical and technological gaps as well as M&A
transactions are key to achieve the ambitious goals.
CEO Hariolf Kottmann commented: "With the beginning of 2011, Clariant has
switched from restructuring to growth. Our well-positioned traditional
businesses have further potential to improve their performance while the newly
to be integrated Süd-Chemie businesses will drive higher sales growth and help
to improve our margins. Applying our value-based performance management
approach, we are confident to achieve our mid-term targets until 2015, using
both organic growth and portfolio management."
Clariant also reconfirmed its policy of paying a stable dividend going forward,
with the intention to resume dividend payments for the full-year 2011.
END
Phone e-mail
Media contacts
Stefanie Nehlsen +41 61 469 6742 stefanie.nehlsen(at)clariant.com
Clariant Media Center +41 61 469 6363 media.relations(at)clariant.com
Investor Relations contacts
Siegfried Schwirzer +41 61 469 6749 siegfried.schwirzer(at)clariant.com
Ulrich Steiner +41 61 469 6745 ulrich.steiner(at)clariant.com
www.clariant.com
Clariant is an internationally active specialty chemical company based in
Muttenz near Basel. The group owns over 100 companies worldwide and employed
approx. 16,200 employees as of December 31, 2010. In the financial year 2010,
Clariant produced a turnover in excess of CHF 7 billion. Clariant is divided
into ten business units: Additives; Detergents & Intermediates; Emulsions;
Industrial & Consumer Specialties; Leather Services; Masterbatches; Oil & Mining
Services; Paper Specialties; Pigments; Textile Chemicals.
--- End of Message ---
Clariant AG
Rothausstrasse 61 Muttenz 1 Switzerland
ISIN: CH0012142631;
Press Release:
http://hugin.info/100166/R/1521575/457767.pdf
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Clariant AG via Thomson Reuters ONE
[HUG#1521575]
Unternehmensinformation / Kurzprofil:
Datum: 07.06.2011 - 07:00 Uhr
Sprache: Deutsch
News-ID 55337
Anzahl Zeichen: 4097
contact information:
Town:
Muttenz 1
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 186 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Clariant targets profitable growth with an EBITDA margin above 17% in 2015"
steht unter der journalistisch-redaktionellen Verantwortung von
Clariant AG (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
