Clariant Raises Sales and Margin Targets, Increases Production
8 June 2011 Clariant has raised 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%, according to a press release.
“With the beginning of 2011, Clariant has switched from restructuring to growth,” said CEO Hariolf Kottmann in a prepared statement. “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 reconfirmed its policy of paying a stable dividend going forward, with the intention to resume dividend payments for the full-year 2011.
Clariant has also has scaled-up production capacity for its Mowilith emulsions by 35%. The additional capacity is especially intended for its wide-ranging line of copolymers and terpolymers, according to a press release.
The investment will enable the unit to enhance its portfolio with new products offering commercial and technical benefits for customers. Clariant will incorporate into its production, among others, a line of elastomeric terpolymers and new alternatives for emulsions to solvent varnishes and enamels, according to the company.
“Market demand has been growing constantly and Clariant is committed to keeping up with this growth, providing its customers with customized solutions supported by our global Research & Development network,” said Guillermo Bruno, business unit emulsions manager for Clariant Argentina in a prepared statement.
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