Short term risks and uncertainties
Risks
Kemira is exposed to risks that may arise from its own operations or from changes in the operating environment.
Kemira’s most significant risks relate to the following themes:
- Price and availability of raw materials and commodities
- Suppliers
- Hazard risks
- Changes in customer demand
- Economic conditions and geopolitical changes
- Competition
- Acquisitions
- Innovation and R&D
- Changes in laws and regulations
- Talent management
- Climate related risks
- Risks and impacts of the war in Ukraine
All risks mentioned above are described in more detail in Kemira’s Financial Statements Bulletin 2022 on page 20.
Latest update to short-term risks and uncertainties
There have been no significant changes in Kemira’s short-term risks and uncertainties compared to the situation on December 31, 2022.
Financial risks are described in the Notes to the Financial Statements 2022.
Risks and impacts of the war in Ukraine on Kemira
The risks and impacts of the war in Ukraine have been described in more detail in Kemira’s Financial Statements 2022 on page 23. There have been no material changes to the situation compared to the situation on December 31, 2022.
At the end of June 2023, net assets in Russia amounted to around EUR 6 million and consisted mainly of cash and cash equivalents denominated in Russian roubles. Kemira is working to repatriate funds from Russia.
For Kemira’s 2023 outlook, including assumptions behind the outlook, please refer to the section “Outlook” on page 19 in Kemira’s January-June 2023 Half-year Report.