Brief: Kemira FY Outlook Unchnaged

Kemira Oyj

25/04/2023 06:45

April 25 (Reuters) - Kemira Oyj  KEMIRA.HE :
    * OUTLOOK FOR 2023: REVENUE IS EXPECTED TO BE BETWEEN EUR 3,200 MILLION AND EUR 3,700
MILLION IN
2023 (2022: EUR 3,569.6 MILLION)
    * OUTLOOK FOR 2023: UNCHANGED
    * OUTLOOK FOR 2023: EXPECT DEMAND IN KEMIRA'S END-MARKETS TO BE RESILIENT DESPITE
SIGNIFICANT
UNCERTAINTY RELATED TO GLOBAL MACROECONOMIC ENVIRONMENT, ENERGY PRICES, AND DEVELOPMENT OF WAR
IN UKRAINE
    * OUTLOOK FOR 2023: END-MARKET DEMAND (IN VOLUMES) IS EXPECTED TO DECLINE SOMEWHAT
    * OUTLOOK FOR 2023: DEMAND IN OIL & GAS MARKET IS EXPECTED TO GROW
    * OUTLOOK FOR 2023: ARIABLE COSTS OVERALL ARE EXPECTED TO DECLINE, WHILE ELECTRICITY PRICES
ARE
EXPECTED TO REMAIN ABOVE LONG-TERM AVERAGE IN EUROPE
    * OUTLOOK FOR 2023: MARKET PRICES FOR CAUSTIC SODA ARE EXPECTED TO MODERATE DURING 2023
    * OUTLOOK FOR 2023: FOREIGN EXCHANGE RATES ARE EXPECTED TO REMAIN AT APPROXIMATELY CURRENT
LEVELS
    * IN Q1 REVENUE GROWTH WAS DRIVEN BY HIGHER SALES PRICES IN BOTH SEGMENTS, WHILE SALES
VOLUMES
DECLINED SOMEWHAT FOLLOWING SOFT DEMAND IN PULP & PAPER
    * Q1 OPERATIVE EBITDA GREW BY 60% TO A RECORD-HIGH OF EUR 193 MILLION

Source text for Eikon:  ID:nWkr37Q9Cw 
Further company coverage:  KEMIRA.HE 

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