Tessenderlo Group hosts Capital Markets Day
Tessenderlo Group (NYSE Euronext:TESB) today hosted its first Capital Markets Day in Brussels. This event, which was attended by the full Group Management Committee, featured presentations on several of the group's businesses and a progress report on its strategic transformation.
The presentations confirmed that the group has moved significantly along its journey to become an international specialty group. In particular, the group
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is transforming from a commodity chemicals business to an international specialty group
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has the right businesses to provide solutions for the mega-challenges of food, water, resource efficiency and valorizing bio-residuals
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has put sustainability firmly at the heart of its strategy and innovation will be a key driver for profitable growth
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has made major progress made since 2010 in the execution of the strategy
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remains focused on generating ROCE >12%
"In the first half of 2010, we disclosed our ambition to transform Tessenderlo Group from a hybrid company with a large exposure to commodities, into an international specialty group" commented Frank Coenen, CEO. "After having made significant progress over the last two years, including the sale of our commodity activities, it was the perfect opportunity to update the market. We are committed to improve transparency and communication to all stakeholders, and we will focus on executing our strategy, while providing solutions for the mega-challenges our planet faces."
The presentations from today's event can be downloaded and are available on the company's website at http://www.tessenderlo.com/investors/results_presentations/
Tessenderlo Group is a worldwide specialty company, focused on food, agriculture, water management and on valorizing bio-residuals. The group employs about 7,500 people and is a leader in most of its markets, with a consolidated revenue of 2.1 billion EUR in 2011. Tessenderlo Chemie NV is listed on Eurolist by Euronext Brussels and is part of Next 150 and BEL Mid indices. Financial News wires: Bloomberg: TESB BB - Reuters: TesBt.BR - Datastream: B:Tes
Media Relations Investor Relations
Kathleen IWENS Philip LUDWIG
( +32 (0) 478 664 555 ( +32 2 639 16 58
Web site: http://www.tessenderlogroup.com
This press release is available in English on the corporate web site www.tessenderlogroup.com - under 'News & Media'.
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