The specialty chemicals company Clariant has published its first integrated report for the 2016 financial year. In addition to financial information, the report also discloses non-financial information, demonstrating its holistic approach.
"This integrated approach ultimately supports our long-term success and helps us differentiate ourselves in the marketplace. This gives shareholders and other key stakeholders a more complete picture for making decisions regarding their relationship with Clariant," said Rudolf Wehrli, chairman of Clariant's Board of Directors.
Financial information plays an important role in the report. Clariant reported that it increased its group sales from CHF 5,807 billion in 2015 to CHF 5,847 in 2016. Net income rose from CHF 227 million to CHF 263 million, while cash flow from operating activities rose to CHF 625 million versus CHF 502 million in 2015.
In an interview published in the report, CEO Hariolf Kottman said: “This good performance reflects the excellent execution of our strategy in all businesses to foster growth and improve returns. The advancement stems from our focus on innovation by delivering more added value to our customers, as well as volume increases and continued cost discipline.”
In the same interview, Wehrli emphasised the importance of Europe for the international company, which is headquartered in the canton of Basel-Landschaft: “Europe is a frontrunner, especially when it comes to sustainability and innovation. Here we find highly trained employees, excellent infrastructure, and valuable partnerships.”
As Kottman underscored, sustainability is an important issue precisely for a company like Clariant: “The chemical industry is central to solutions for global challenges such as climate change and resource scarcity.”
Europe was given its own section in the report. In addition to financial information, there were also sections on the company’s vision, objectives and business model. Clariant also explained the company’s value creation in its four business areas.
In the same interview, Wehrli and Kottmann also offered a brief look into the future. “Strategically, to reach our goals we need to grow beyond the market and be present in the markets where growth is taking place,” Wehrli said, explaining that 2017 will be a challenging year. Kottman added that the company will increase its focus on sales and marketing efforts this year.