Kemira’s financial targets and outlook for 2022
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 | 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
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 be within a +/- 5% range of the operative EBITDA in 2021 (EUR 425.5 million).
Assumptions behind outlook
There continues to be uncertainty related to COVID-19 and the inflationary environment. However, Kemira’s end-market demand in both segments is expected to grow following forecasted global economic growth. The outlook assumes the COVID-19 pandemic situation to remain under control and not having a significant impact on Kemira’s end-market demand. The outlook also assumes no major disruptions to Kemira’s manufacturing operations or further significant supply chain disruptions. Strong inflationary pressures are expected to continue, particularly in H1 2022.
| EUR million | 2018 | 2019 | 2020 | 2021 | 2022 outlook |
| Operative EBITDA | 323 | 410 | 435 | 426 | Expected to be within a +/- 5% range of the operative EBITDA in 2021 (EUR 425.5 million). |