Brief: Kemira Proposes Dividend Of EUR 0.62 Per Share

Kemira Oyj

10/02/2023 06:45

Feb 10 (Reuters) - Kemira Oyj  KEMIRA.HE :
    * FINANCIAL STATEMENTS BULLETIN 2022: RECORD YEAR WITH
EXCEPTIONALLY STRONG Q4
    * BOARD OF DIRECTORS PROPOSES TO ANNUAL GENERAL MEETING 2023
A
CASH DIVIDEND OF EUR 0.62 PER SHARE (0.58), TOTALING EUR 95
MILLION (89). IT IS PROPOSED THAT DIVIDEND BE PAID IN TWO
INSTALLMENTS
    * OUTLOOK 2023: LOOKING AT 2023, WE EXPECT MARKET DEMAND TO
DECLINE SOMEWHAT FOLLOWING MACROECONOMIC UNCERTAINTY
    * OUTLOOK 2023: WE ARE IN A GOOD POSITION GOING INTO 2023,
THANKS
TO OUR WELL-PERFORMING SEGMENTS AND ALSO THANKS TO HIGH LEVEL OF
BACKWARD-INTEGRATION IN ELECTRICITY IN FINLAND
    * OUTLOOK 2023: WE EXPECT REVENUE TO BE BETWEEN EUR 3,200
MILLION
AND EUR 3,700 MILLION AND OPERATIVE EBITDA BETWEEN EUR 500 AND
EUR 600 MILLION IN 2023
    * PULP & PAPER SEGMENT HAD AN EXCELLENT YEAR. MARKET DEMAND
WAS
SOLID IN H1, BUT MARKET IN VOLUMES STARTED TO SLOW DOWN IN Q3
2022
    * INDUSTRY & WATER SEGMENT ALSO HAD A STRONG YEAR. DEMAND IN
WATER
TREATMENT BUSINESS REMAINED GOOD, WHILE OIL & GAS MARKET GREW
STRONGLY FOLLOWING HIGHER OIL PRICES. SEGMENT REVENUE GREW BY
38% TO EUR 1.5 BILLION
    * IN 2023, OUR CAPACITY EXPANSION IN URUGUAY WILL BE
COMPLETED. WE
WILL ALSO CONTINUE TO PROGRESS OUR BIOBASED STRATEGY TO REACH
OUR GOAL OF EUR 500 MILLION IN BIOBASED REVENUE BY 2030

Source text for Eikon:  ID:nWkr3CNnb8 
Further company coverage:  KEMIRA.HE 
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