Equity story

Targeting organic growth above the market growth (market growth estimate 2015-2020, CAGR: ~2.0%)

  • Recycling leading to higher usage of strength chemicals

  • Online shopping increasing need for packaging material

  • Growing middle class in emerging markets leading to higher usage of tissue, board, paper

  • Regulation driving better water quality

  • Increased oil drilling from existing fields

Operative EBITDA target of 14-16%

Drivers for the improvement:

  • Synergies from the acquisition of AkzoNobel’s  paper chemicals business
  • New bleaching chemical investments (Brazil and Finland) and new Total Chemistry Management deals
  • BOOST efficiency program (e.g. logistics)
  • Internal efficiency and capacity utilization improvement
  • Long-term growth areas such as oil sands, Chemical Enhanced Oil Recovery and Advanced Water Treatment

Strong balance sheet

  • Good funding position

  • M&A possible short term, if profitability and synergy criteria are all met

Average dividend yield close to 5% during 2010–2016

  • Leading dividend yield in the European chemical sector

We help customers create more value by applying our expertise where water meets chemistry

  • Kemira is a global chemicals company serving customers in water-intensive industries

Kemira shares are listed on the Nasdaq Helsinki stock exchange.