Clariant raises 2011 sales targets

Sales growth for 2015 expected to exceed CHF10bn

Speciality chemicals supplier Clariant has increased its sales and margins targets for 2011. The company expects growth for the period to be in the high single digit range in local currency, with an EBITA margin of between 13.5% and 14.5% compared to 2010.

Clariant has also stated its expects 2015 sales to exceed CHF10bn, with an EBITA margin of over 17%.

“With the beginning of 2011, Clariant has switched from restructuring to growth,” commented ceo Hariolf Kottmann. “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.”

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Clariant Active Ingredients (more information, website)