Financial targets
(updated Jan 12, 2021)
Kemira’s financial targets and outlook for 2020
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.
Financial targets and historical figures
| Targets | 2016 | 2017 | 2018 | 2019 |
| Above-the market growth | EUR 2,363 million
Change 0% |
EUR 2,486 million
Change +5% |
EUR 2,593 million
Change +4% |
EUR 2,659 million
Change +3% |
| Operative EBITDA 15-18% |
12.8% | 12.5% | 12.5% | 15.4% |
| Gearing below 75% | 54% | 59% | 62% | 66% |
Read more: Debt Information
Outlook for 2020
On January 12 Kemira upgraded its 2020 outlook following good demand and cost management in Q4 2020.
Kemira’s upgraded outlook
Kemira expects its operative EBITDA in H2 2020 to be above H1 2020 (H1 2020: EUR 214 million), and expects the full year 2020 operative EBITDA to increase from 2019 (2019: EUR 410 million).
Previous outlook (published October 9, 2020):
Kemira expects its operative EBITDA in H2 2020 to be below H1 2020 (H1 2020: EUR 214 million), but expects the full year 2020 operative EBITDA to increase from 2019 (2019: EUR 410 million).
Kemira will publish its Financial Statements Bulletin 2020 on Thursday February 11, 2021 at around 08.30 a.m. (EET). In conjunction with the publication of the Financial Statements Bulletin, Kemira will provide an outlook for 2021.
| EUR million | 2016 | 2017 | 2018 | 2019 | H1 2020 | H2 2020 outlook | 2020 outlook |
| Operative EBITDA | 303 | 311 | 323 | 410 | 214 | Lower than H1 2020 |
Increase from 2019 |