ICL Group, Tel Aviv, expects its Industrial Products, Phosphates Specialties (part of Phosphates Solutions), and Growing Solutions (formerly Innovative Ag Solutions) businesses to deliver more than $2 billion of EBITDA by 2027, implying an improvement of over 100% on 2021 and a 16% compound annual growth rate.
“ICL delivered in its 2020 Investor Day targets much sooner than expected, and we plan to build on this momentum to achieve global leadership in all three of our specialties businesses,” said ICL President and CEO Raviv Zoller in a statement on ICL’s virtual Investor Day on Oct. 25.
He said the group sees “significant opportunities” ahead, amidst the growing global sustainability challenges, and believes ICL is well positioned to meet these “head on” to achieve its sales growth and margin expansion plans.