Clariant: presents medium-term targets at CMD
(CercleFinance.com) - Clariant is holding an investor day (CMD) in London today to provide an update on its strategy.
Clariant remains committed to its medium-term targets, to be achieved by 2027 at the latest: i.e. sales growth of 4%-6% in local currency; 19%-21% reported EBITDA margin; and around 40% free cash flow conversion.
The medium-term target is supported by tangible growth levers, assuming market growth of 2%-4%. The three areas of innovation should generate growth of around 1.5% per annum.
Clariant is well positioned to increase its reported EBITDA margin from around 16% for 2024 to a medium-term target range of 19% to 21% by 2027 at the latest.
Clariant has raised its target to reduce Scope 1 and 2 emissions by 46% by 2030 (from 40%). The Group is doubling its scope 3 emissions reduction target from 14% to 28%. Clariant has resubmitted these upwardly revised targets in line with the SBTi 1.5°C short-term scenario.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
Clariant remains committed to its medium-term targets, to be achieved by 2027 at the latest: i.e. sales growth of 4%-6% in local currency; 19%-21% reported EBITDA margin; and around 40% free cash flow conversion.
The medium-term target is supported by tangible growth levers, assuming market growth of 2%-4%. The three areas of innovation should generate growth of around 1.5% per annum.
Clariant is well positioned to increase its reported EBITDA margin from around 16% for 2024 to a medium-term target range of 19% to 21% by 2027 at the latest.
Clariant has raised its target to reduce Scope 1 and 2 emissions by 46% by 2030 (from 40%). The Group is doubling its scope 3 emissions reduction target from 14% to 28%. Clariant has resubmitted these upwardly revised targets in line with the SBTi 1.5°C short-term scenario.
Copyright (c) 2024 CercleFinance.com. All rights reserved.