Although we have seen early signs of stabilization in the second half of 2013 in some of our businesses, the economic environment remains fragile and foreign currencies volatile. We will continue to significantly restructure our businesses in 2014 to reduce our cost base further to offset the expected continued weak recovery. The company is on track to achieve the strategic priorities announced in February 2013:
- Achieve ROI% at 14.0 percent by 2015
- Achieve ROS% at 9.0 percent by 2015
- Maintain net debt/EBITDA lower than 2.0 by 2015
- Increase revenue from downstream eco-premium solutions to 20 percent of our revenues in 2020
- Reduce our carbon emissions through the value chain by 25 to 30 percent per ton by 2020 (base 2012)
- Improve resource efficiency across the full value chain
Amsterdam, February 6, 2014
The Board of Management