Makhteshim-Agan Industries (MAI) plans to restore profits
Makhteshim-Agan Industries (MAI) has set out a plan to recover profit margins. Its EBITDA (earnings before interest tax, depreciation and amortisation) margin fell by five percentage points to 16% in 2006, the company says. EBITDA was down by 39% to $232.9 million (see this issue, p 4). MAI aims to "recapture some of the lost ground and obtain ratios similar to those of leading companies in the sector".