Financial targets

Kemira’s financial mid- to long-term targets and outlook for 2019

Financial targets and historical figures

Targets	2015	2016	2017	2018
Above-the market growth	EUR 2,373 milion Change +11%	EUR 2,363 million Change 0%	EUR 2,486 million Change +5%	EUR 2,593 million Change +4%
Operative EBITDA 14-16%	12.1%	12.8%	12.5%	12.5%
Gearing below 60%	54%	54%	59%	62%

Outlook for 2019

Kemira expects its operative EBITDA to increase from the prior year (2018: EUR 323.1 million).

EUR million	2015	2016	2017	2018	2019 outlook
Operative EBITDA	287	303	311	323	“Increase”