Clariant Gives Medium-Term Financial Targets
Nov 4 (Reuters) -CLARIANT AG CLN.S:
INVESTOR DAY 2024: CLARIANT WELL POSITIONED FOR FURTHER GROWTH AND PROFITABILITY IMPROVEMENT
REINFORCED MEDIUM-TERM FINANCIAL TARGETS, BY 2027 AT LATEST: COMPOUND ANNUAL SALES GROWTH OF 4 - 6 % IN LOCAL CURRENCY
MID-TERM OUTLOOK: EBITDA MARGIN OF 19 - 21 %, AND FREE CASH FLOW CONVERSION OF AROUND 40 %
MARGIN IMPROVEMENT REINFORCED BY NEW SELF-HELP ACTIONS TOTALING AROUND CHF 80 MILLION RUN-RATE SAVINGS IN FULL BY LATEST 2027
INNOVATION ARENAS TO DELIVER AROUND 70 % OF PROFITABLE GROWTH AND INNOVATION RATE EXPECTED TO REACH AROUND 20 % BY 2027
Source text: ID:nGNEbqggXc
Further company coverage: CLN.S
(Gdansk Newsroom)
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