Financial targets

(updated Feb 11, 2021)

Kemira’s financial targets and outlook for 2021

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 2017 2018 2019 2020
Above-the market growth EUR 2,486 million

Change +5%

EUR 2,593 million

Change +4%

EUR 2,659 million

Change +3%

EUR 2,427 million

Change -4%

Operative EBITDA
15-18%
12.5% 12.5% 15.4% 17.9%
Gearing below 75% 59% 62% 66% 63%

Read more: Debt Information

Outlook for 2021

Revenue
Kemira’s revenue in local currencies, excluding acquisitions and divestments, is expected to increase from 2020 (EUR 2,427 million).
Operative EBITDA
Kemira’s operative EBITDA is expected to be at the same or at a slightly (less than 5%) lower level than in 2020 (EUR 435 million).

Assumptions behind outlook
COVID-19 pandemic continues to cause uncertainty in 2021, but Kemira’s end market demand is expected to recover gradually from 2020 in line with forecasted economic growth. Demand, particularly in the oil and gas market, is expected to recover. The outlook assumes no significant disruptions to Kemira’s operations. Currencies are expected to have a negative impact on operative EBITDA.

 

EUR million 2017 2018 2019  2020 2021
outlook
Operative EBITDA 311 323 410 435 Expected to be at the same or at a slightly (less than 5%) lower level than in 2020