Financial targets
Kemira’s financial targets and outlook for 2020
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 15-17% |
12.8% | 12.5% | 12.5% | 15.4% |
| Gearing below 75% | 54% | 59% | 62% | 66% |
Read more: Debt Information
Outlook for 2020
On April 27, 2020 Kemira withdrew its outlook for 2020 and does not provide a new outlook until further notice due to the uncertainty related to the COVID-19 pandemic and the oil price drop.
The impact on Kemira’s operations has so far been limited. However, at this point it is difficult to estimate reliably what is the overall impact on Kemira as the economic impacts and the length of the COVID-19 pandemic and the oil price drop remain uncertain.
Previous outlook: Kemira expects its operative EBITDA to increase from the prior year (2019: EUR 410 million).
| EUR million | 2016 | 2017 | 2018 | 2019 | 2020 outlook |
| Operative EBITDA | 303 | 311 | 323 | 410 | “Increase” |