Clariant outline growth strategy25 June 2012
The Swiss specialty chemicals company Clariant have announced that they will continue to implement their 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 on June 22.
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. 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 increase the performance of their product portfolio.
Hariolf Kottmann, CEO, commented: ‘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.’