Kemira’s financial targets and outlook for 2024
Financial targets and historical figures
Targets | 2019 | 2020 | 2021 | 2022 | 2023 |
Above-the market growth |
EUR 2,659 million Change +3% |
EUR 2,427 million Change -4% |
EUR 2,674 million Change +10% |
EUR 3,570 million Change +33% |
EUR 3,384 million Change -5% |
Operative EBITDA 15-18% |
15.4% | 17.9% | 15.9% | 16.0% | 19.7% |
Gearing below 75% | 66% | 63% | 63% | 46% | 32% |
Read more: Debt Information
Outlook for 2024
R E V E N U E
Kemira’s revenue is expected to be between EUR 2,700 million and EUR 3,200 million in 2024 (reported 2023 revenue: EUR 3,383.7 million).
O P E R A T I V E E B I T D A
Kemira’s operative EBITDA is expected to be between EUR 480 and EUR 580 million in 2024 (reported 2023 operative EBITDA: EUR 666.7 million).
A S S U M P T I O N S B E H I N D T H E O U T L O O K
Kemira’s end-market demand (in volumes) is expected to grow slightly in 2024 following expected gradual demand recovery in the pulp & paper market. The water treatment market is expected to remain steady in 2024. Input costs are expected to remain rather stable during the year. The outlook assumes no major disruptions to Kemira’s manufacturing operations, supply chain or to Kemira’s energy-generating assets in Finland. Foreign exchange rates are expected to remain at approximately current levels.
The outlook for 2024 includes the Oil & Gas business until February 2, 2024, the closing date of the divestment transaction.
EUR million | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 outlook |
Operative EBITDA | 410 | 435 | 426 | 572 | 667 | Expected to be between EUR 480 – EUR 580 million |