Kemira’s Capital Markets Day:
Integrating Lanxess paper chemicals business, which Kemira acquired in April, into Kemira Group has proceeded better than was expected, and it is no longer expected to impact negatively on Kemira’s earnings per share in 2006. At the time of the transaction, it was estimated to reduce Kemira’s earnings per share by EUR 0.05-0.10 in 2006. Speaking at the Capital Markets Day event today, Kemira’s President & CEO Lasse Kurkilahti will be announcing that Kemira’s principal objective will be to strive for continued improvement of profitability.
Speaking at the Capital Markets Day event taking place today in Germany, Kemira Group's President & CEO Lasse Kurkilahti will address the topic of results of the restructuring launched at Kemira two years ago. He will also restate the estimate presented in connection with the publishing of Kemira’s interim report covering the period January-June according to which Kemira’s full-year revenue, operating profit and earnings per share in 2006 are expected to increase from their 2005 levels.
"The remodeling of our business portfolio, which we began to implement two years ago, has been a success, and the building up of a powerful international competitive position for Kemira has progressed very well," is part of Kurkilahti’s message. "In accordance with the objective we have set for ourselves, each of Kemira’s business areas has achieved a leading position in their respective competitive market area. Our primary objective in all of our business areas is the continued improvement of our profitability," he continues.
Capital Markets Day event’s PowerPoint presentations may be viewed and downloaded at Kemira’s website www.kemira.com today as of 1 pm Finnish time in the section Investors/Presentations.
For more information, please contact:
Timo Leppä, Executive Vice President, Group Communications, mobile+358 (0)50 301 6800
Päivi Antola, IR Manager, mobile +358 (0)40 524 1143