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Clariant targets greater profitability

Last updated on 07-Jun-2011 at 12:55 GMT2011-06-07T12:55:50Z

Swiss fine chemicals player Clariant says it is raising its 2011 sales and profits margins in the light of a stronger-than-anticipated performance in the first part of the year.

The company says that sales growth is now excepted to be in the high single-digit range in local currency terms, compared to 2010, while the EBITDA margin should grow at between 13.5 per cent and 14.5 per cent.

In the longer term, the company sees growth accelerating at an even greater pace, predicting that it will achieve sales above the CHF10 billion mark by 2015, while the EBITDA margin is expected to exceed 17 per cent.

Clariant says that its performance is improving rapidly due to the successful implementation of its four pillar strategy, which targets a series of improvement initiatives based on performance optimization.

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