We aim to provide clear and transparent financial and operating information to all investors through our annual reporting.
This has been a year of transformational change and significant progress for Sibelco as we made good headway in the implementation of the new strategy we defined towards the end of 2016. Working together as one global team, we achieved key milestones against each element of our vision to be the best global material solutions company; market-driven, operationally excellent, with a compelling culture.
The results of our efforts were reflected in an improved financial performance. Against 2016, EBITDA increased by 26% to €541m, whilst Net Cash Flow (before dividend and growth capex) was up nearly 49% to €371m. Revenue was €3.1bn compared with €2.7bn last year.
Beyond our improved financial results, the transformation of our business gathered pace throughout the year. Through an extensive strategic review of our portfolio and a detailed segmentation exercise, we gained a clear view of our global markets and identified exciting new growth opportunities. We continued to build our global innovation community to create a sharper focus on value-adding material solutions. We made great strides towards operational excellence through a Value Programme which has already generated more than a thousand initiatives worldwide and defined new, better ways of working.
For more information on our activities and financial and operating results, download: