ICI Sets Sights on Stronger Growth, 'Sustainable Development' Objectives
LONDON -- ICI plc Chief Executive Brendan O'Neill told company shareholders that the company continues to set a long-term target of 5-7% annual growth, based on organic growth of 4-5% per year and 1-2% growth from "small bolt-on acquisitions, assuming we find the right opportunities to genuinely add value."
O'Neill and ICI Chairman Alex Trotman said the company exhibited "resilience" in 2001 despite economic challenges, as sales held steady and profits declined 11% compared to the year before.