Factory pipes.
2/20/2024

Financial targets

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