Surface Solutions Division

Increasing Demand for Surface Solutions Driven by Efficiency and Sustainability

Surface Solutions is a technology leader in providing coatings and materials that improve efficiency and durability while driving sustainability. As customers in automotive, aerospace, tooling, energy and general industries look for sustainable and higher performance improvements in their products, the division is well-positioned to take advantage of the further untapped potentials in these industries. Additionally, the division is broadening and diversifying its portfolio by extending the application of its technology into growth markets, such as battery, hydrogen, semiconductor, medical and luxury metalware. To realize its mid-term growth, the division is accelerating its regional footprint, capitalizing on new technologies and optimizing its portfolio, while driving cost stewardship.

Accelerate Regional Expansion

Realize >20% geographic sales upside via expansion into the Americas and Asia.
Leverage competitive advantages of integrated offering and broad technology portfolio.

Capitalize on New Technologies

+10% sales upside from extending technology leadership and diversifying business.
Focus on growth opportunities in future mobility, luxury, semiconductor, cleantech and additive manufacturing industries.
Additive Manufacturing reaching commercialization, breakeven in 2025.

Optimize Portfolio

Actively manage portfolio towards high-margin solutions.
Envision selective and accretive bolt-on acquisitions, opportunistically.

Drive Cost Stewardship

~300 bps upside¹ – 20% to 22% EBITDA margin target in mid-term.
Drive operating leverage based on structurally reduced cost base and continue to focus on cost efficiency.

_{¹ Comparing mid-point of 20% to 22% mid-term guidance with 2022 EBITDA margin.}