Financial targets

Kemira’s financial mid- to long-term targets and outlook for 2018

Kemira will continue to focus on improving its profitability and cash flow. The company will also continue to invest in order to secure future growth to serve selected water-intensive industries.

Financial targets and historical figures

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

Factors to watch for profitability improvement

Factors H1 2018 comments
Volume growth and sales price increases Group’s volume growth +2% and sales prices +6%
Oil & Gas becoming larger share of Group (incl. shale, CEOR and oil sands) Revenue from EUR 126 million in 2016 to EUR 233 milion (LTM)
Raw material price development Significant headwind in 2017 and YTD 2018
Currency exchange rate development, especially EUR/USD FX delta EUR -17 million on EBITDA
Prudent fixed cost management Fixed costs almost flat despite strong organic growth
AKD acquisition / joint venture in China Significant backward integration and growth benefits
*CEOR=chemical enchanced oil recovery

Outlook for 2018

Kemira expects its operative EBITDA to increase from the prior year (2017: EUR 311.3 million).

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

We use cookies to improve your experience on our website. Read more about our cookie policy and privacy statement.