We have the aspiration to be the world’s leading Coatings and Specialty Chemicals company. Our medium-term ambitions are to grow to €20 billion revenue, increase EBITDA each year while maintaining a 13 to 15 percent margin, reduce OWC percent of revenue year-on-year by 0.5 percent towards a 12 percent level, and pay a stable to rising dividend.
The sustainability ambitions are to remain a top three leader in our industry, to be top quartile in our peer group in terms of safety performance, diversity, employee engagement and development, and eco-efficiency improvement rates.
We expect full-year 2011 EBITDA to be at least in line with the prior year, assuming no further deterioration in economic conditions. We are implementing additional performance improvement measures and functional and operational excellence initiatives to sustainably underpin performance and ensure that our growth ambitions are delivered at or above the mid-point of our 13-15 percent EBITDA margin guidance. These initiatives will build on our leadership positions by transferring best practices, adopting standard and consistent methodologies, and leveraging our scale. Details of these measures will be announced in the second half of the year.