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KEMIRA Kemira Oyj News Story

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Kemira drops as weaker margins, one-off costs weigh on Q4 earnings

** Shares in Kemira  KEMIRA.HE  fall about 8% after the
Finnish chemical solutions maker missed Q4 profit forecasts due
to weaker margins and higher-than-expected one-off costs
    ** Kemira reports Q4 operative EBITDA of 135 million euros 
($139.16 million), below LSEG IBES estimate of 142.3 million
euros
    ** Inderes says Kemira's profitability fell short of
expectations, with its two main segments underperforming and
operational EBITDA dropping y/y
    ** "Kemira recorded significantly higher one-off costs than
anticipated for Q4," Inderes says, adding that "combined with
operational developments, this pushed earnings per share down to
EUR 0.31, below expectations"
    ** Kemira shares, heading for a biggest single-day drop in
about 7 months if losses persist, are at the bottom of
pan-European STOXX 600 index  .STOXX  

($1 = 0.9707 euros)


($1 = 0.9701 euros)

 (Reporting by Jesus Calero)
 ((Jesus.calero@thomsonreuters.com))

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