Interviews
News Flash
Ciba Specialty delivers net income of CHF 237 mn
12 Feb '08
3 min read
Click here for Full Year Results 2007 – Overview
Outlook
Ciba expects 2008 to be another demanding year for the specialty chemicals sector, as the outlook for the economy is uncertain and raw material costs are expected to remain high. However, assuming no significant deterioration in global business conditions, the Company believes that it will achieve sustainable sales growth in local currencies in line with global gross domestic product (GDP), as well as an increase in operating income of around 10 percent and an increase in free cash flow of around 20 percent.
Brendan Cummins, CEO, comments: “We are committed to creating value for our shareholders, ensuring that each business in the portfolio delivers a return on investment that exceeds the cost of capital.”
“We will focus our capital and innovation investments on those industries, technologies and geographies that offer attractive returns and build upon our core business strengths. Going forward, the Company aims to grow annual sales in line with GDP and increase operating income by around 10 percent per year. We also expect further significant improvements in free cash flow after 2008."
"This will be achieved with the focused implementation of the Operational Agenda, decisive margin management, leveraging our innovation power, driving operational excellence and the continued optimization of our working capital.”
Outlook
Ciba expects 2008 to be another demanding year for the specialty chemicals sector, as the outlook for the economy is uncertain and raw material costs are expected to remain high. However, assuming no significant deterioration in global business conditions, the Company believes that it will achieve sustainable sales growth in local currencies in line with global gross domestic product (GDP), as well as an increase in operating income of around 10 percent and an increase in free cash flow of around 20 percent.
Brendan Cummins, CEO, comments: “We are committed to creating value for our shareholders, ensuring that each business in the portfolio delivers a return on investment that exceeds the cost of capital.”
“We will focus our capital and innovation investments on those industries, technologies and geographies that offer attractive returns and build upon our core business strengths. Going forward, the Company aims to grow annual sales in line with GDP and increase operating income by around 10 percent per year. We also expect further significant improvements in free cash flow after 2008."
"This will be achieved with the focused implementation of the Operational Agenda, decisive margin management, leveraging our innovation power, driving operational excellence and the continued optimization of our working capital.”
Ciba Specialty Chemicals
Popular News
Leave your Comments
Editor’s Pick
Esteemed Clients
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Taiwan Textile Federation (TTF)")
