Pressmeddelanden, rapporter och bolagsmeddelande för Kemira Oyj

Kemira Oyj has updated its long-term financial targets to reflect its ambitions for profitable growth and a higher margin profile. The Board of Directors has approved changes including a new target for average annual organic growth of over 4% (previously above-the-market growth), an increased operative EBITDA margin target of 18–21% (previously 15–18%), and a new operative ROCE target of over 16%. The dividend policy remains unchanged, aiming for a competitive and gradually increasing dividend. Kemira will discuss these updates and its strategy during a Capital Markets Day on September 26. Kemira is a global leader in sustainable chemical solutions for water-intensive industries, with 2023 revenues of around EUR 3.4 billion and approximately 5,000 employees.

Kemira Oyj announced changes to its operating model and Management Board to enhance its growth strategy. Starting January 1, 2025, Kemira will operate through three business units: Water Solutions, Packaging & Hygiene Solutions, and Fiber Essentials. These changes aim to boost customer focus, strategic clarity, and speed of delivery, ultimately driving growth and shareholder value. The new Group Leadership Team will be led by President and CEO Antti Salminen and includes several new and existing members. The current Management Board will remain in place until the end of 2024. Additionally, Kemira will establish a centralized Operations unit and restructure its Research & Development to better align with customer needs. The new operating model will also affect Kemira's external financial reporting starting Q1 2025. Detailed financial information and further updates will be provided at a Capital Markets Day on September 26.

Kemira Oyj released its Half-Year Financial Report for January-June 2024 on July 17, 2024, noting significant volume growth and improved profitability due to end-market recovery. The report includes both adjusted and unadjusted figures following the divestment of its Oil & Gas portfolio on February 2, 2024. The company expects 2024 revenue to be between EUR 2,800 and 3,200 million and operative EBITDA to be between EUR 540 and 640 million, reflecting upgraded expectations as of June 10, 2024. In Q2 2024, the company saw organic revenue growth of 1%, driven by strong performance in the Industry & Water segment, despite a slight decline in the Pulp & Paper segment. The Oil & Gas divestment-adjusted operative EBITDA for Q2 was EUR 140 million, with a margin of 19.2%. Cash flow remained strong, and the company made strategic moves, including entering the activated carbon market and expanding coagulant capacity in Spain. Kemira's President & CEO, Antti Salminen, expressed confidence in continued market recovery and highlighted strategic initiatives for profitable growth. The company plans to update its strategy and financial targets at a Capital Markets Day on September 26, 2024. Key financial targets include above-market revenue growth and an operative EBITDA margin of 15-18%. The company also announced its financial reporting schedule for 2024 and 2025 and invited stakeholders to a webcast and conference call on July 17, 2024.

Kemira Oyj announced a manager's transaction on June 12, 2024. Tuija Pohjolainen-Hiltunen, President of the Industry & Water segment, sold 8,420 Kemira shares on June 10, 2024. The transaction was conducted in multiple venues with varying unit prices, leading to a volume-weighted average price of 23.3483 EUR per share. Following this transaction, Pohjolainen-Hiltunen now holds 24,559 shares in Kemira. For further information, contact Mikko Pohjala, Vice President of Investor Relations at Kemira.

Kemira Oyj announced its financial reporting schedule and the date for its Annual General Meeting (AGM) in 2025. The AGM is set for Thursday, March 20, 2025, at 1:00 pm (EET), convened by the Board of Directors. For further details, contact Mikko Pohjala, Vice President of Investor Relations, at +358 40 838 0709 or mikko.pohjala@kemira.com. Kemira is a global leader in sustainable chemical solutions for water-intensive industries, serving customers in industrial and municipal water treatment, and the pulp & paper industry. In 2023, Kemira reported annual revenue of around EUR 3.4 billion and employed approximately 5,000 people. The company's shares are listed on Nasdaq Helsinki Ltd. More information can be found at www.kemira.com.