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MarketScreener Homepage  >  Equities  >  Xetra  >  Software    SOW   DE000A2GS401

SOFTWARE

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Software : Huntsman Democratizes Advanced Analytics Globally with TrendMiner to Improve Overall Operational Performance

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02/05/2019 | 07:35am EDT

(GlobeNewswire) - TrendMiner, a Software AG company, announces that its customer Huntsman will present at the ARC Industry Forum 2019 in Orlando, USA. Jasper Rutten, Advanced Analytics Manager at Huntsman, will talk about the global democratization of advanced analytics by empowering their engineers with TrendMiner to speed up root-cause analysis, monitor the production processes and help continuously improve Huntsmans overall performance and profitability.

As part of a Global Excellence Team, the Advanced Analytics team has a global task to set out the route for digitization and advanced analytics for Huntsmans MDI upstream manufacturing facilities. As Rutten explains, our digitalization journey started some years ago and one of the quickest wins was to leverage time-series data. As operational data is still kept in separated silos, this adds an extra challenge to improve operational excellence by use of advanced analytics.

In his presentation at ARC Industry Forum in Orlando, Wednesday 6 February at 10:30 a.m., Rutten will talk about the Huntsman analytics journey and how self-service analytics helps to make process and asset experts contribute to corporate operational goals. Next to the tools, the journey also was, and still is, about organizational and people aspects.

Rutten continues, The lessons learned helped new sites to quickly adopt the TrendMiner self-service analytics tool and benchmark site performance independent of the exact location, where the original data is stored. During the presentation, some practical use cases will be shown, which supported our decision to roll out the chosen self-service analytics platform TrendMiner.

About HuntsmanHuntsman Corporation is a publicly traded global manufacturer and marketer of differentiated and specialty chemicals with 2017 revenues more than $8 billion. Our chemical products number in the thousands and are sold worldwide to manufacturers serving a broad and diverse range of consumer and industrial end markets. We operate more than 75 manufacturing, R&D and operations facilities in approximately 30 countries and employ approximately 10,000 associates within our four distinct business divisions. For more information about Huntsman, please visit the company`s website at www.huntsman.com.

About TrendMinerTrendMiner, a Software AG company, delivers discovery, diagnostic and predictive analytics software for the process industry. TrendMiner software is based on a high-performance analytics engine for process data captured in time series. Through an intuitive web-based client, process engineers and operators can easily search for trends themselves using pattern recognition and machine learning technologies. The TrendMiner plug and play software adds value immediately after deployment, eliminating expensive investments in big data infrastructure and long implementation projects. TrendMiner software can improve efficiency and quality, reduce waste and energy consumption, and optimize production performance across divisions. TrendMiner, founded in 2008, is a software company with global headquarters in Hasselt, Belgium and offices in the Netherlands, Germany, Spain and the U.S. Visit us at:www.trendminer.com

TrendMiner Media ContactEdwin van DijkTrendMiner N.V.edwin.vandijk@trendminer.comTel: +32 11 263830

U.S. Media ContactDawn FontaineRipple Effect Communicationsdawn@rippleeffectpr.comTel: + 1 617-536-8887

(c) 2019 Universal Solutions S.A.E. All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials (EUR)
Sales 2019 883 M
EBIT 2019 241 M
Net income 2019 150 M
Finance 2019 236 M
Yield 2019 2,90%
P/E ratio 2019 12,0x
P/E ratio 2020 12,2x
EV / Sales2019 1,77x
EV / Sales2020 1,63x
Capitalization 1 798 M
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Mean consensus OUTPERFORM
Number of Analysts 17
Average target price 31,78  €
Last Close Price 24,27  €
Spread / Highest target 85,4%
Spread / Average Target 30,9%
Spread / Lowest Target 3,01%
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Managers
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Sanjay Brahmawar Chief Executive Officer
Andreas Bereczky Chairman-Supervisory Board
Arnd Zinnhardt Chief Financial Officer
Bernd Groß Chief Technology Officer
Alf Henryk Wulf Independent Member-Supervisory Board
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