Yara has consistently executed a strategy of profitable, sustainable growth. In 2011 Yara adopted a medium-term growth ambition of adding eight million tons to its sales by 2016, compared to 2010. Beyond 2016 Yara will continue to drive and realize profitable growth, extending its track record of consistently generating strong earnings through the business cycle.
Yara’s growth ambitions are built on attractive long-term market fundamentals, a proven track record of profitable growth initiatives and a flexible and scalable business model. However, Yara will continue to be patient in pursuing growth, aiming to pick the best opportunities at the right time.
Yara’s focus on growth opportunities will continue to be combined with strict valuation and capital discipline. When evaluating acquisition opportunities Yara will always start by assessing the synergies it can potentially realize, compared with the estimated synergies of competing bidders.
Market and business cycle assumptions are carefully considered and compared with estimates of the seller’s and alternative buyers’ views. Timing is essential in creating value from acquisitions, and Yara combines a continuous search for projects with patience and discipline in execution. Yara’s growth initiatives focus on increasing the company’s access to competitive raw materials, expanding its presence in high-growth markets and participating in consolidation in mature markets.