Brief: Kemira Expects Operative EBITDA Of EUR 480-580 Mln In 2024

Kemira Oyj

09/02/2024 07:18

Feb 9 (Reuters) - Kemira Oyj  KEMIRA.HE :
    * KEMIRA OYJ'S FINANCIAL STATEMENTS BULLETIN 2023: RECORD
PROFITABILITY IN 2023; ENTERING A NEW YEAR WITH A FOCUSED
BUSINESS PORTFOLIO
    * PROPOSES TO ANNUAL GENERAL MEETING 2024 A CASH DIVIDEND OF
EUR
0.68 PER SHARE (0.62)
    * REVENUE IS EXPECTED TO BE BETWEEN EUR 2,700 MILLION AND
EUR
3,200 MILLION IN 2024 (REPORTED 2023 REVENUE: EUR 3,383.7
MILLION).
    * OPERATIVE EBITDA IS EXPECTED TO BE BETWEEN EUR 480 AND EUR
580
MILLION IN 2024 (REPORTED 2023 OPERATIVE EBITDA: EUR 666.7
MILLION).
    * END-MARKET DEMAND (IN VOLUMES) IS EXPECTED TO GROW
SLIGHTLY IN
2024 FOLLOWING EXPECTED GRADUAL DEMAND RECOVERY IN PULP & PAPER
MARKET
    * WATER TREATMENT MARKET IS EXPECTED TO REMAIN STEADY IN
2024
    * INPUT COSTS ARE EXPECTED TO REMAIN RATHER STABLE DURING
YEAR.
    * OUTLOOK ASSUMES NO MAJOR DISRUPTIONS TO KEMIRA'S
MANUFACTURING
OPERATIONS, SUPPLY CHAIN OR TO KEMIRA'S ENERGY-GENERATING ASSETS
IN FINLAND
    * FOREIGN EXCHANGE RATES ARE EXPECTED TO REMAIN AT
APPROXIMATELY
CURRENT LEVELS.
    * OUTLOOK FOR 2024 INCLUDES OIL & GAS BUSINESS UNTIL
FEBRUARY 2,
2024, CLOSING DATE OF DIVESTMENT TRANSACTION.
    * BALANCE SHEET IS VERY STRONG AS NET DEBT TO OPERATIVE
EBITDA
REACHED 0.8 AT END OF 2023
    * DESPITE MARKET DOWNTURN, OUR PULP & PAPER PERFORMANCE WAS
RESILIENT WITH A VERY STRONG ENDING TO YEAR
    * OIL & GAS BUSINESS  HAD A GOOD YEAR, WITH INCREASING SALES
VOLUMES AND IMPROVING PROFITABILITY
    * INDUSTRY & WATER SEGMENT HAD RECORD-HIGH PROFITABILITY

Source text for Eikon:  ID:nWkrbmNQph 
Further company coverage:  KEMIRA.HE 

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