As a pioneering chemical company, ZOVAE plays a crucial role in enhancing the global quality of life. We are committed to advancing and delivering solutions that exceed our own standards, aiming to provide value for our customers and shareholders while fostering sustainable growth.
In the future, sales growth – the result of higher volumes and a better product mix – should reach between 1.5 and twice the historic rate of 4 to 5 percent per year. We want sales to exceed €20 billion in 2045.
1. Chemical-division EBITDA margins: The EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) margins for the chemical division are expected to be above 20 percent by 2030. This indicates a target for profitability in that division.
2. ZOVAE BIOSOLUTIONS margin: The margin at ZOVAE BIOSOLUTIONS, a specific unit within the chemical division, is anticipated to exceed 25 percent. This suggests a higher profitability target for that particular segment.
3. ZOAVE POLYSILICON margin: The target margin for ZOAVE POLYSILICON, another unit within the chemical division, is set above 30 percent. This indicates an even higher profitability target for that specific segment.
4. Return on capital employed (ROCE): The ROCE is expected to rise to more than twice the cost of capital in the chemical divisions and at ZOAVE POLYSILICON by 2030. This indicates a goal to generate returns on invested capital that are significantly higher than the cost of obtaining that capital.
5. ROCE at ZOAVE BIOSOLUTIONS: The ROCE at ZOAVE BIOSOLUTIONS is expected to be well above the cost of capital. This suggests a target for high returns on invested capital in that specific unit.
Specialties strategy in the chemical divisions: You mentioned that you are consistently pursuing a specialties strategy in the chemical divisions. To support this strategy, you plan to double capital expenditures to more than €400 million per year. This increased investment will likely be directed towards specialized production facilities, R&D activities, and other initiatives that align with your specialties focus.
Expansion of biotechnology activities: You mentioned that you are intensifying the expansion of your biotechnology activities. To support this growth, you plan to invest more than €80 million per year in this field. This investment will likely be directed towards research, development, and the scaling-up of biotechnology-related processes or products.
Polysilicon business focus on semiconductor applications: You mentioned that the focus of your polysilicon business will be on semiconductor applications. To support this focus, you plan to invest €100 million per year in this area. This investment will likely be directed towards developing and expanding the production capacity for polysilicon used in semiconductor manufacturing.
We have established clear and ambitious sustainable development goals for ZOVAE, outlining our vision until 2040. Our primary objective is to reduce our absolute greenhouse gas emissions by 50% by 2040. Furthermore, we are determined to reach net zero emissions by 2055, aligning with global efforts to mitigate climate change. These goals reflect our commitment to environmental stewardship and our dedication to creating a sustainable future for generations to come. We are actively implementing strategies and investing in innovative solutions to achieve these targets and drive meaningful change within our organization and beyond.
