Puratos Group Strengthens Its Global Position With Solid Growth Figures & Continued Investments
The Belgian Puratos Group announces that its estimated results for 2011 are fully in line with its long–term growth ambition despite the challenging market conditions over the last year. Although the Group experienced a somewhat slower volume growth, had to recover from the steep increases in the price of raw materials and increased its investments in R&D, consumer understanding and customer support, the 2011 projected recurring EBITDA is expected to be at the same level as in 2010, a record year so far. This has been possible thanks to an 11% organic sales growth, higher in the core product categories and in most emerging markets. …