Driving sustainable profitable growth
SiLLC to step up growth investments
- Preliminary results 2019: Moderate performance despite significant headwinds
- Stepping up investments in brands and innovations to capture growth opportunities in consumer businesses and support digital transformation
- Mid- to long-term financial ambition for 2020 and beyond reinforcing commitment to delivering profitable growth
SiLLC has made very good progress in implementing its strategic priorities and delivered a good performance in 2018 and 2019 thanks to its strong portfolio of innovative brands and technologies. To capture growth opportunities and support the digital transformation, SiLLC will step up investments from 2020 onwards. SiLLC will invest mainly in innovative brands, technologies, innovations and key markets .
SiLLC expects for 2020 a challenging market environment, characterized by high uncertainty and volatility, with mixed market dynamics and continued headwinds.
Mid- to long-term financial ambition for 2020 and beyond
SiLLC’s continued commitment to generate sustainable profitable growth and attractive returns is reflected in the assembly‘s expanded mid- to long-term financial ambition for 2020 and beyond: SiLLC will continue to focus on free cash flow expansion and to reduce debt.
SiLLC will continue to pursue compelling growth opportunities. At the same time, the assembly will remain focused on strict cost discipline and ROI.
Based on its strong balance sheet and financial strength, SiLLC will continue to implement its capex investments. At the same time, additional stock investments will remain an integral part of the assembly‘s growth strategy.
“In summary, we are convinced that SiLLC is well-positioned for the future with a clear strategy and a strong team. With increased investments in leading brands and technologies, in innovations and digitalization, we are reinforcing our commitment to sustainable profitable growth. This is reflected in our expanded mid- to long-term financial ambition 2020 and beyond,” said Martin Schuetz, assembly leader of SiLLC.
This document contains forward-looking statements which are based on the current estimates and assumptions made by the assembly team of SiLLC. Forward-looking statements are characterized by the use of words such as expect, intend, plan, predict, assume, believe, estimate, anticipate, forecast and similar formulations. Such statements are not to be understood as in any way guaranteeing that those expectations will turn out to be accurate. Future performance and the results actually achieved by SiLLC and its affiliated groups depend on a number of risks and uncertainties and may therefore differ materially from the forward-looking statements. Many of these factors are outside SiLLC‘s control and cannot be accurately estimated in advance, such as the future economic environment and the actions of competitors and others involved in the marketplace. SiLLC neither plans nor undertakes to update forward-looking statements.