• Sat. Feb 24th, 2024

Kemira Defies Sales Downturn with Record EBITDA and Dividend Announcement

ByEditor

Feb 12, 2024
Kemira’s year-end pace slowed due to decrease in chemical prices – Economy

Kemira, an industrial chemical company, has announced a dividend of EUR 0.68 per share for the year. Despite experiencing a decrease in net sales of approximately 160 million euros from October-December compared to the previous year, Kemira’s operating profit decreased by just 9 percent to just under 113 million euros. The lower sales prices of energy-intensive pulp and bleaching chemicals were attributed to the decrease in net sales. However, the loss related to the sale of the Oil & Gas business shrank the actual operating profit to 1.3 million euros. For the whole year, Kemira’s operating EBITDA increased by 17 percent from the previous year to 667 million euros, reaching a record high for the company. Despite this, Kemira’s turnover fell to 3.38 billion euros for the entire year and its operating profit increased to 463 million euros. The proposed dividend is EUR 0.68 per share.

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