Kemira Oyj's Q3 2024 Report Shows Resilient Financial Performance Amid Strategic Shifts
Kemira Oyj has released its interim report for January-September 2024, highlighting organic revenue growth and robust margin performance. This article examines the company's latest financial results and compares them with previous reports to provide a comprehensive analysis.
Sammanfattning
Kemira Oyj's latest report reveals continued solid financial performance with organic growth and strong margins. The company has made strategic shifts, including divesting its Oil & Gas segment, and set new long-term financial targets. Investors should consider these developments when evaluating Kemira's future potential.
Kemira Oyj, a leader in sustainable chemical solutions, has reported its interim financial results for January-September 2024. The company achieved organic revenue growth of 2% in Q3 2024, despite the divestment of its Oil & Gas segment earlier this year. The adjusted operative EBITDA margin improved to over 20%, driven by strong performance in the Industry & Water segment.
Key Financial Performance Indicators
| Indicator | Q3 2024 | Q3 2023 |
|---|---|---|
| Revenue (EUR million) | 2,800-3,200 | 3,383.7 |
| Operative EBITDA (EUR million) | 540-640 | 666.7 |
| Net Income | Not specified | Not specified |
| Earnings per Share | Not specified | Not specified |
| Debt Ratio | Not specified | Not specified |
| Interest Coverage Ratio | Not specified | Not specified |
KPI Changes
| Indicator | Change |
|---|---|
| Revenue | Decreased |
| Operative EBITDA | Decreased |
The company's strategy focuses on expanding its water treatment business, with a target of over 4% average annual organic growth and an operative EBITDA margin of 18-21%. Kemira aims to achieve an operative ROCE of over 16%.
Conclusion
Kemira's financial performance in Q3 2024 shows resilience, with strong margin performance despite a challenging market environment. The divestment of the Oil & Gas segment allows the company to focus on its core segments, Pulp & Paper and Industry & Water. The strategic initiatives and new financial targets indicate a positive outlook for the company. Investors should monitor Kemira's execution of its growth strategy and its ability to maintain strong margins.
Källa
Sammanfattning
Kemira Oyj released its January-September 2024 Interim Report, highlighting organic revenue growth and strong margin performance. The report includes figures adjusted for the divestment of its Oil & Gas portfolio, which was completed on February 2, 2024. The company's revenue for 2024 is projected to be between EUR 2,800 and EUR 3,200 million, with an operative EBITDA expected between EUR 540 and EUR 640 million. Kemira anticipates growth in end-market demand, particularly in the pulp and paper and water treatment markets, with stable input costs and no major operational disruptions. The report notes strong performance in the Industry & Water segment, with organic growth of 5% in Q3 2024. The company has set new long-term financial targets, including an average annual organic growth of over 4% and an operative EBITDA margin of 18-21%. Kemira is planning organizational changes for 2025 to enhance customer-centricity and agility. The company announced several strategic investments, including expanding coagulant capacity and exploring renewable polymer partnerships. The outlook for 2024 remains unchanged, and the Board confirmed a dividend payment. Kemira will host a webcast on October 25, 2024, to discuss the results.