Albemarle announces 2024 revenue, EBITDA targets

摘要

Albemarle said today that it is aiming for $4.4–5.0 billion in revenue by 2024, amounting to an average annual revenue growth of 6–9% during that timeframe. Albemarle’s 2018 full-year revenue totaled $3.37 billion. Adjusted EBITDA is forecast to grow by 9–14%/year through 2024, to $1.5–1.8 billion. Adjusted EBITDA for 2018 totaled $1.01 billion. Revenue growth is expected to be driven by the lithium business, which will beneft from new demand for electric vehicles (EVs). Lithium revenue is forecast to grow by 12–17%/year through 2017.