Feb 19, 2021 Sarasota, Florida U.S.A.
SiLLC continues to drive sustainable profitable growth
- Preliminary results 2020: Good 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 2021 and beyond reinforcing commitment to delivering profitable growth
The SiLLC Assembly has delivered a good performance in 2020, thanks to its growing portfolio of innovative brands and technologies. To continue to capture growth opportunities and to further support the digital transformation, SiLLC will continue to step up investments from 2021 onwards. SiLLC will continue to invest mainly in innovative brands, technologies, innovations and key markets. Overall, we are not changing our investment strategy.
SiLLC still expects a challenging market environment in 2021, which is still characterized by high uncertainty and volatility, with mixed market dynamics and continued headwinds, especially with markets and tech sectors reaching new ATH’s in a difficult environment. But we acknowledge that in evolving technology sectors, old school wisdom often do not have to be valid for every question. Our Assembly team keeps a tight focus on every market and technology movement.
Mid- to long-term financial ambition for 2021 and beyond
SiLLC’s continued its commitment to generate sustainable profitable growth and attractive returns is reflected in the assembly‘s expanded mid- to long-term financial ambition for 2021 and beyond: SiLLC will continue to focus on portfolio expansion and a positive cash flow sheet. The SiLLC Assembly reached one of its main goals to payback all debt in 2020. This helps to continue to pursue compelling growth opportunities. The SiLLC 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 strategies. Additional investments will remain an integral part of the assembly‘s growth strategy.
“In summary, we are convinced that SiLLC is on the right track and well-positioned for the future, to continue keeping a clear strategy and a strong Assembly team. The SiLLC Assembly will continue to increase investments in leading brands and technologies, in innovations and digitalization. Again, we are strongly reinforcing our commitment to sustainable profitable growth. This is reflected in our expanded mid- to long-term financial ambition 2021 and beyond.” said Martin Schuetz, SiLLC Assembly team leader.
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.