Outlook and financial targets
(updated on November 19, 2020)
Outlook for 2020
Outlook for July-December 2020
Kemira expects its operative EBITDA in H2 2020 to be lower than in H1 2020 (H1 2020: EUR 214 million), but expects its full-year 2020 operative EBITDA to increase from 2019 (2019: EUR 410 million).
Assumptions behind Kemira’s outlook for July-December 2020:
Overall demand in Kemira’s end markets in H2 2020 is expected to be at approximately the same level as in Q2 2020. Demand in Pulp & Paper is expected to remain approximately at the Q2 2020 level, with printing and writing demand to remain weak. In Industry & Water, demand is also expected to remain at approximately the Q2 2020 level. The shale market has started to recover modestly from the Q2 2020 market lows. Kemira’s outlook for H2 2020 assumes no significant disruptions in Kemira’s manufacturing operations or supply chain.
Previous outlook (published on July 17, 2020)
Kemira expects its operative EBITDA in H2 2020 to be lower than in H1 2020 (H1 2020: EUR 214 million).
|Kemira’s financial targets|||
|Revenue||Above-the-market revenue growth|
|Operative EBITDA margin||15-18%|
|Gearing level||below 75%|
Kemira updated its financial targets on November 19, 2020. Kemira’s target for operative EBITDA margin has been updated to 15-18% (previously 15-17%), while other financial targets remain unchanged.