6/8/2022

Financial targets

Kemira’s financial targets and outlook for 2022

Financial targets and historical figures

Targets 2018 2019 2020 2021
Above-the market growth

EUR 2,593 million

Change +4%

EUR 2,659 million

Change +3%

EUR 2,427 million

Change -4%

EUR 2,674 million

Change +10%

Operative EBITDA
15-18%
12.5% 15.4% 17.9% 15.9%
Gearing below 75% 62% 66% 63% 63%

Read more: Debt Information

Outlook for 2022

Kemira upgraded its 2022 outlook for operative EBITDA on June 8, 2022. Kemira’s end-market demand has continued to be good. Strong inflationary pressures have continued, but Kemira has been successful in mitigating the impact from higher input costs.

Revenue
Kemira’s revenue in local currencies, excluding acquisitions and divestments, is expected to increase from 2021 (EUR 2,674.4 million).

Operative EBITDA
Kemira’s operative EBITDA is expected to increase from 2021 (EUR 425.5 million).

Assumptions behind outlook (specified)
Kemira’s end-market demand in both segments is expected to be good in 2022. The outlook assumes no major disruptions to Kemira’s manufacturing operations or further significant supply chain disruptions. The outlook also assumes normal energy availability in Europe. Inflationary pressures are expected to remain strong in 2022.

EUR million 2018 2019  2020 2021 2022 outlook
Operative EBITDA 323 410 435 426 Expected to increase from 2021 (EUR 425.5 million).