Reference
·Primary source
Indorama Ventures (IVL) EBITDA (2020-2024)
~USD 950M (2024)
Indorama Ventures (SET:IVL), the world's largest PET resin and recycled-PET (rPET) producer, recorded approximately USD 950 million in core EBITDA for FY2024, down from a USD 2.7B 2022 peak as PET spreads normalised post-COVID restocking. IVL operates 145+ manufacturing sites across 35 countries with PET, fibres, integrated PIA/PTA upstream, and a growing rPET footprint serving Coca-Cola, PepsiCo, and Nestlé brand-owner commitments. The 2022 peak reflected an unusual combination of high PET spreads and strong fibres demand. Management's IVL Reinvented programme targets cost-out and footprint rationalisation to lift returns through 2026.
Figure in context
Indorama Ventures (SET:IVL), the world's largest PET resin and recycled-PET (rPET) producer, recorded approximately USD 950 million in core EBITDA for FY2024, down from a USD 2.7B 2022 peak as PET spreads normalised post-COVID restocking. IVL operates 145+ manufacturing sites across 35 countries with PET, fibres, integrated PIA/PTA upstream, and a growing rPET footprint serving Coca-Cola, PepsiCo, and Nestlé brand-owner commitments. The 2022 peak reflected an unusual combination of high PET spreads and strong fibres demand. Management's IVL Reinvented programme targets cost-out and footprint rationalisation to lift returns through 2026.
Interpretation notes
What this tells you
Indorama Ventures (SET:IVL), the world's largest PET resin and recycled-PET (rPET) producer, recorded approximately USD 950 million in core EBITDA for FY2024, down from a USD 2.7B 2022 peak as PET spreads normalised post-COVID restocking. IVL operates 145+ manufacturing sites across 35 countries with PET, fibres, integrated PIA/PTA upstream, and a growing rPET footprint serving Coca-Cola, PepsiCo, and Nestlé brand-owner commitments. The 2022 peak reflected an unusual combination of high PET spreads and strong fibres demand. Management's IVL Reinvented programme targets cost-out and footprint rationalisation to lift returns through 2026.
What not to do with it
Values in USD millions core EBITDA per IVL definition. Core EBITDA excludes inventory gains/losses; reported EBITDA differs.
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