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). |