Clariant: Raised Sales and Margin Targets
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.
Clariant also reconfirmed its policy of paying a stable dividend going forward, with the intention to resume dividend payments for the full-year 2011.
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