• Thu. Feb 29th, 2024

Kemira Boasts Record High Profitability Despite Pandemic-Induced Challenges

ByEditor

Feb 11, 2024
Kemira’s year-end pace slowed due to decrease in chemical prices – Economy

Kemira, a leading industrial chemical company, has announced that it will be paying a dividend of EUR 0.68 per share to its shareholders. Despite a decrease in net sales of approximately 160 million euros from October to December compared to the previous year, Kemira’s operating profit increased by 17 percent to 667 million euros. The lower sales prices of energy-intensive pulp and bleaching chemicals were attributed to the decline in net sales. However, the sale of the Oil & Gas business reduced the actual operating profit to just under 113 million euros. For the whole year, Kemira’s operating EBITDA increased by 17 percent from the previous year, and its profitability reached a record high. The company’s turnover for the entire year was 3.38 billion euros and its operating profit increased to 463 million euros.

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