Kemira's outlook hike sends shares to fresh record high
10/06/2024 08:31
** Shares in Kemira KEMIRA.HE rise 5% as the Finnish
chemicals company hikes its full-year outlook flagging continued
recovery in its end-markets, strong performance in Pulp & Paper
and Industry & Water segments
** Kemira now expects its revenue to be between EUR 2,800
and 3,200 million in 2024, compared to the previous view of
between EUR 2,700 and EUR 3,200 million
** It now sees operative EBITDA between EUR 540 and 640
million in 2024 versus the earlier expectation of between EUR
480 and EUR 580 million
** The stock, up about 40% year to date, reaches its highest
ever and tops Helsinki all-share index .OMXHPI
(Reporting by Elviira Luoma)
((Elviira.luoma@thomsonreuters.com))