23 November 2010 09:31 [Source: ICIS news]
LONDON (ICIS)--Arkema aims to generate earnings before interest, tax, depreciation and amortisation (EBITDA) above €1bn ($1.37bn) in 2015 through innovation, growth in emerging markets and bolt-on acquisitions, the French specialty chemicals company said on Tuesday.
This would correspond to an EBITDA margin of 14%, Arkema added. The company's EBITDA in 2009 was €310m.
Arkema said that in 2015, group sales were expected to total around €7.5bn, compared with around €5.8bn at the end of 2010.
The company said this would happen as a result of innovation on sustainability, which should generate around €400m new sales in the next five years.
“Alternative energies, water treatment, composite materials and bioplastics will be the main drivers of this innovation,” Arkema said in a statement.
Growth would also be driven by a 60% increase of sales in emerging countries, especially in ?xml:namespace>
The company added that selective acquisitions in its best product lines would represent around €1bn of additional sales.
“This acquisition programme will be completed by divestments of small non-core businesses representing around €300m [in] sales,” said Arkema.
Strict control of fixed costs and maintaining a solid balance sheet would remain priorities in the producer’s new development phase, it added.
Arkema was spun off from oil major Total in 2006. It has operations in more than 40 countries and eight research centres. It employs 14,000 people.
($1 = €0.73)
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