Clariant Capital Markets Day focuses on further value creation
With the integration of the growth businesses Catalysis & Energy and Functional Minerals and the planned divestment of five low growth, low profitability businesses, Clariant’s adjusted portfolio has a high exposure to markets with future perspectives and strong growth rates. In those markets, the company has competitive positions and a superior pricing power. This is reflected in a significantly higher earnings quality.
“The investments into R&D of the last two years are now becoming visible. The innovation pipeline is constantly growing and currently has a sales potential of more than 1 billion Swiss francs by 2017”, CEO Hariolf Kottmann said. “Combining Clariant’s innovation strength with a clear focus on customers and markets, we will be in an even better position to exploit the potential of our R&D pipeline.”
For the remainder of the current business year, Clariant will focus on accelerating top-line growth, finalizing the portfolio measures as well as maintaining a high cost discipline. “While we expect the economic environment to remain difficult, Clariant has a sound financial basis for executing the profitable growth strategy that will lead to an increase in local currency sales and a higher EBITDA margin in 2013”, CFO Patrick Jany said.
CEO Kottmann reconfirmed the 2015 targets of an EBITDA margin before exceptionals above 17% and a return on invested capital (ROIC) above peer group average. Beyond 2015, the company strives for continuity, reflected in an above GDP top-line growth and a sustained high profitability.
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