• Powered by Crown Equity Holdings Inc.
      • crown-logo

        Crown Equity Holdings Inc. is publicly traded with the symbol CRWE. The Company primarily provides and offers advertising, branding, marketing solutions and services to boost customer awareness, as well as merchant visibility as a worldwide online multi-media publisher. For list of services offered click here

Post on CRWE World Login
logo UNITED STATES
  • Home
  • News
  • World
      • World News
      • Español
  • Politics
      • U.S. Legislators
      • Political News
  • Sports
  • Business
      • Markets
      • Hottest Stocks Today
      • CRWEWorld Stocks
      • Blockchain
      • Regulatory
      • Accounting
      • Fundraising Campaigns
      • IPOs
      • Money
      • Career
  • Tech
      • Tech
      • Science
  • Living
      • Arts & Entertainment
      • Family
      • Food
      • Pets
      • Seniors
      • Fashion/Fitness
      • Home & Garden
  • Health
      • Health
      • Pharma & Biotech
  • Opinion
      • Finance
      • Law
      • Healthcare
      • Cannabidiol (CBD)
      • Fashion
      • Podcasts
      • Tech
      • Music
  • Travel
  • Local
      • News
      • Trending Now
      • Real Estate
      • Coupons & Deals
      • Business Directory
  • Jobs
  • More
      • Business 2 Business
      • Press Releases
      • Press Releases Pricing
      • News from GlobeNewswire
      • News from PR Newswire
      • News from Business Wire
      • News from Accesswire
      • Video Channels
      • Beauty
      • Business
      • Comedy
      • Entertainment
      • Fashion
      • Featured
      • Health
      • Instructional
      • News
      • Politics
      • Sports
      • Technology
      • Entertainment
      • Horoscope
      • Sudoku
      • Crossword
      • Games
      • Chat
      • Affiliate | How It Works
      • Join CRWE WORLD Affiliate Program
      • CRWE WORLD Advertising Services Rate
      • Crown Equity Holdings' Overview
      • CRWEWorld Real-Time Global Visitors
      • Content Delivery Solution
        • Contact Us
  • More

Change City


-- OR --
load
load
/assets/img/hottest3.png
/assets/img/hottest3.png

/assets/img/reef2.png
/assets/img/red-line.jpg
/assets/img/reef.png
  • Home
  • Articles
  • News Provided by GlobeNewswire
21ьз╕ Cweather-icon
/assets/img/hottest3.png
/assets/img/hottest3.png

/assets/img/reef2.png
/assets/img/red-line.jpg
/assets/img/reef.png

Clariant sets new 2025 financial targets and announces step-up in growth and profitability

News Provided by GlobeNewswire2021-11-22
40 Views

AD HOC ANNOUNCEMENT PURSUANT TO ART. 53 LR


  • With its new purpose-led strategy, Clariant is committed to creating shareholder value with an ambition to develop towardsthetop quartile performance versus specialty chemicals peers
  • New 2025 financial targets: compound annual sales growth of 4-6 %,GroupEBITDA margin of 19-21 % andfreecashflowconversionof around40 %
  • Profitable growth, significantly above GDP via sustainability-driven innovation,regional expansion and selectivebolt-on acquisitions
  • Confirmed non-financial targets to maintain leadership in sustainability:40 % reduction in Scope 1 & 2 emissionsand14 % reduction in Scope 3 emissions by 2030
  • Step-up inperformanceimprovementprograms by an additional CHF 60 million savings in continuing operations

MUTTENZ,NOVEMBER 23, 2021

Clariant, a focused, sustainable and innovative specialty chemical company, today will announce new 2025 financial targets at its Capital Markets Day associated with its new purpose-led strategy. Building on its high-growth, high-margin, specialty portfolio, Clariant has adopted strategic initiatives to accelerate sustainability-driven innovation, expand its global footprint with a focus on China and ensure the disciplined execution of potential bolt-on acquisitions to enable value creation and profitable growth. As a result, Clariant expects to grow sales by 4-6 % annually, reach an EBITDA margin range of 19-21 % and generate a free cash flow conversion rate of around 40 % by 2025.

“Our new purpose: ‘Greater chemistry – between people and planet’, is at the core of everything we do. Our leading position in sustainability and our customer-centric and sustainability-focused innovation pipeline, position us well to become a true leader in specialty chemicals,” said Conrad Keijzer, Chief Executive Officer of Clariant. “We are committed to increasing shareholder value and are confident that the execution of our purpose-led strategy and our exciting business opportunities will enable us to outgrow our markets and to further improve our profitability.”

Above-market growth thanks to pipeline of sustainability-driven innovation projectsand regional expansion

Sustainability and innovation are strategic growth drivers for Clariant. Sustainability-driven innovation supports Clariant’s average annual growth by approximately 1 %, with a focus on bio-based products, decarbonization and circularity. A key element of this growth is Clariant’s EcoTain® label which is used for products that provide a market leading sustainability performance.

The company reaffirms its greenhouse gas emission reduction target of 40 % for Scope 1 & 2 emissions and a target of 14 % for Scope 3 emissions by 2030. As a consequence, Clariant will step-up its investments to roughly CHF 30 million per annum for sustainability measures, focusing on greenhouse gas reduction. The focus on bio-based products, enabling decarbonization and circularity will deliver above market growth in the coming years.

Following a phase of higher investments for projects like the sunliquid® second generation bio-ethanol plant, Clariant’s capital expenditure (capex) will revert to a range of CHF 280 to 320 million towards 2025 with a focus on growth and regional expansion in China. The Group will direct more than one third of its growth capex to China to promote sustainable solutions in the world's largest and fastest growing specialty chemicals market. With new plants for the production of catalysts and halogen-free flame retardants and its game-changing innovation hub in Shanghai, Clariant will grow the local production share from 35 % to more than 50 % and aims to generate approximately 14 % of Group sales in China by 2025.

New financial Group targets: Substantial increase in sales, GroupEBITDA, and free cash flow conversionby 2025 to increase shareholder value – step-up inprofitable growth andperformance improvement programs

“Based on our transformed specialty portfolio with attractive market positions, the differentiated steering for sustainability, innovation driven growth, and the expansion of our performance programs, we have set new financial targets with a compound annual growth rate of 4-6 % and an EBITDA margin range of 19-21 % by 2025,” said Stephan Lynen, Chief Financial Officer of Clariant. “As a result of our profitable growth together with our capital discipline we target the improvement of our free cash flow conversion to around 40 % by 2025.”

Growth will leverage the EBITDA margin improvement by around two thirds while efficiency improvements will contribute by approximately one third. Clariant is currently executing one of the largest, most comprehensive performance programs in its history. In total, the programs cover a cost elimination of CHF 240 million. Excluding remnant cost elimination and savings in discontinued operations, approximately CHF 110 million savings accrete to continuing operations. The latter includes an additional CHF 60 million step-up in savings for the coming years which will contribute to the envisaged EBITDA uplift. Clariant will meet its financial targets via sales growth, cost discipline, efficiency improvement and the normalization of capex following a phase of higher expansion investments.

Please use the following link to register for the event: Registration Clariant CMD

CORPORATE MEDIA RELATIONS

 

Jochen Dubiel
Phone +41 61 469 63 63
jochen.dubiel@clariant.com

 

Claudia Kamensky
Phone +41 61 469 63 63
claudia.kamensky@clariant.com

 

 
INVESTOR RELATIONS

 

Andreas Schwarzwälder
Phone +41 61 469 63 73
andreas.schwarzwaelder@clariant.com

 

Maria Ivek
Phone +41 61 469 63 73
maria.ivek@clariant.com

 

Alexander Kamb
Phone +41 61 469 63 73
alexander.kamb@clariant.com
Follow us on Twitter, Facebook, LinkedIn, Instagram.

 

This media release contains certain statements that are neither reported financial results nor other historical information. This document also includes forward-looking statements. Because these forward-looking statements are subject to risks and uncertainties, actual future results may differ materially from those expressed in or implied by the statements. Many of these risks and uncertainties relate to factors that are beyond Clariant’s ability to control or estimate precisely, such as future market conditions, currency fluctuations, the behavior of other market participants, the actions of governmental regulators and other risk factors such as: the timing and strength of new product offerings; pricing strategies of competitors; the Company’s ability to continue to receive adequate products from its vendors on acceptable terms, or at all, and to continue to obtain sufficient financing to meet its liquidity needs; and changes in the political, social and regulatory framework in which the Company operates or in economic or technological trends or conditions, including currency fluctuations, inflation and consumer confidence, on a global, regional or national basis. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this document. Clariant does not undertake any obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date of these materials.

 

www.clariant.com

 

 

Clariant is a focused and innovative specialty chemical company based in Muttenz near Basel/Switzerland. On 31 December 2020, the company employed a total workforce of 13 235. In the financial year 2020, Clariant recorded sales of CHF 3.860 billion for its continuing businesses. The company reports in three business areas: Care Chemicals, Catalysis and Natural Resources. Clariant’s corporate strategy is led by the overarching purpose of ‘Greater chemistry – between people and planet’ and reflects the importance of connecting customer focus, innovation, sustainability, and people.

Attachment

  • Clariant Media Release Capital Markets Day EN



© 2021 GlobeNewswire, Inc. All Rights Reserved.

Read More..
The news, reports, views and opinions of authors (or source) expressed are their own and do not necessarily represent the views of CRWE World.


NRx Pharmaceuticals (Nasdaq: NRXP): FDA Declines Emergency Use Authorization for ZYESAMI (aviptadil) for subgroup of Patients with Critical COVID-19 at immediate risk of death from respiratory failure despite treatment with approved therapy, including remdesivir



/assets/img/Reliance-Law-Firm.png

/assets/img/cw-stocks.png

/assets/img/wysh-jewels.png

/assets/img/Mars-Parachute-2.png

/assets/img/crweworld-podcast.jpg
Sponsored
Also read
Hang Lung collaborates with Hilton to introduce the Curio Collection by Hilton hotel brand at Wuxi’s Center 66
Appier COO Winnie Lee named "Woman of the Year" at the Women in IT Asia Awards 2022
AIIB Commits US$100 million in CEL Infrastructure Investment Fund II
Fluence and Rich Electric Announce Partnership to Deploy the First 100 MW level Battery-Based Energy Storage System in Taiwan
Vetter’s newest clinical manufacturing site successfully completed its first customer fills
Avabai Wadia: The lawyer who became India’s family planning pioneer
Peter Obi: The Labour Party candidate electrifying young Nigerians
Steppe Gold Clarifies Disclosure


Post on CRWE WorldSign Up for Free E-mail Updates
  • Real Estate Eagle Firm, Real Estate
  • Authentic Dominican Larimar & Amber Stone Jewelry
  • Share knowledge and ideas about stocks on CRWE World Stocks
Signup for free email updates
/assets/img/wall-street-rect2.png
/assets/img/wall-street-sq.png



Join with us
Live Traffic Feed
About CrweWorld
  • About Us
  • Privacy Policy
  • Terms & Conditions
  • Finance Disclaimer
  • Jobs
Subscribe for newsletter
3+2
Contact Info
  • contact@crweworld.com

  • P: (702) 683-8946

  • P: (702) 810-0178

  • 11226 Pentland Downs St, Las Vegas, NV 89141

Tweets by CrweWorld
Tweets by @CrweWorld
  • © 2022 crweworld.com
ad1

/assets/images/ad/crwe_tech.jpg

Your Technology Source, Your Technology Team

Server Maintenance, Web Development, Mobile Application Solutions, SEO Services and more

Contact Us: contact@crwetech.com

www.CRWETech.com

ad2

/assets/images/ad/content-delivery-solution.jpg

 

Our content delivery solution through CRWE WORLD, CRWE Press Release and CRWE Tube gives corporations and businesses a vehicle to expand their exposure

CLICK HERE FOR MORE INFORMATION

ad3

/assets/img/crwe_info.png

CRWE Info ( CRWE.Info ) provides news and updates about Crown Equity Holdings Inc. and the CRWE World platform

www.crwe.info

ad4

/assets/images/ad/crwetube.png

Share your videos. Upload your videos for free on CRWETube

www.CRWETube.com

ad5

/assets/images/ad/ad4.png

 

Place Your Ad Here! Advertise your business online on CRWE WORLD. Your Company, product, or service in front of the world!

Contact Us: contact@crweworld.com

www.CRWEWorld.com

Advertisements

/assets/images/ad/crwe_tech.jpg

Your Technology Source, Your Technology Team

Server Maintenance, Web Development, Mobile Application Solutions, SEO Services and more

Contact Us: contact@crwetech.com

www.CRWETech.com

/assets/images/ad/content-delivery-solution.jpg

 

Our content delivery solution through CRWE WORLD, CRWE Press Release and CRWE Tube gives corporations and businesses a vehicle to expand their exposure

CLICK HERE FOR MORE INFORMATION

/assets/img/crwe_info.png

CRWE Info ( CRWE.Info ) provides news and updates about Crown Equity Holdings Inc. and the CRWE World platform

www.crwe.info

/assets/images/ad/crwetube.png

Share your videos. Upload your videos for free on CRWETube

www.CRWETube.com

/assets/images/ad/ad4.png

 

Place Your Ad Here! Advertise your business online on CRWE WORLD. Your Company, product, or service in front of the world!

Contact Us: contact@crweworld.com

www.CRWEWorld.com

CRWE WORLD Advertising Services RateJoin CRWE WORLD Affiliate Program