Hariolf Kottmann, CEO, commented: "We expect full-year sales growth in local currencies in the low to mid-single-digit range and a further improvement in the EBITDA margin before exceptional items in 2014 compared to financial year 2013. We are maintaining our target to become one of the leading specialty chemicals companies by 2015." The Annual General Meeting approved the Annual Report as well as the Group's Consolidated Financial Statements for the financial year 2013 with 99.30 % of the votes in favor. The 2013 Compensation Report was also approved on a consultative basis with 79.61 % of the votes. The members of the Board of Directors and the Executive Committee were discharged with 97.52 % of the votes. In addition, the Annual General Meeting approved the appropriation of the accumulated profit for 2013 with 99.39 % of the votes in favor, as well as the distribution of reserves from capital contributions of CHF 0.36 per share with 99.43 % of the votes. All members of the Board of Directors were reelected for one year by a large majority, as was the Chairman of the Board of Directors, Rudolf Wehrli. PricewaterhouseCoopers AG was confirmed as the auditor for 2014. To ensure early implementation of the "OaEC", Clariant's Board of Directors proposed comprehensive changes to the Articles of Association to the Annual General Meeting, which were all approved by a majority. The proposal for overall compensation of the Board of Directors for the period between the 2014 and 2015 Annual General Meetings was approved with 81.86 % of the votes, as was the overall compensation of the Executive Committee for financial year 2015, with 82.26 % of the votes. NB: The speeches by Chairman of the Board of Directors Rudolf Wehrli and CEO Hariolf Kottmann along with the minutes of the Annual General Meeting are available under "Annual General Meeting 2014" in the "Investors" area at www.clariant.com.
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Clariant AG: Clariant's Annual General Meeting - Shareholders Approve All Agenda Items
| Source: Clariant International Ltd