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

Kemira, a leading industrial chemical company, announced its dividend payment of EUR 0.68 per share for the current financial year. Despite facing challenges in the October-December period with lower sales prices for energy-intensive pulp and bleaching chemicals, Kemira’s net sales decreased to approximately 809 million euros from 969 million euros in the previous year. The operating profit of Kemira during this time period decreased by 9 percent to just under 113 million euros. However, the sale of the Oil & Gas business led to a shrunken actual operating profit of only 1.3 million euros. Despite these challenges, Kemira’s operating EBITDA increased by 17 percent from the previous year to reach a record high of 667 million euros.

Kemira’s turnover for the entire year fell to 3.38 billion euros, while its profitability reached an all-time high last year. The company reported that its operating profit increased to 463 million euros for the whole year. As a reward for its outstanding financial performance, Kemira has proposed a dividend payment of EUR 0.68 per share for its shareholders. With these impressive results, Kemira continues to be a leader in the industrial chemical industry and remains committed to delivering value to its stakeholders.

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