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 2023 on page 21.
Latest update to short-term risks and uncertainties
The latest risks are described in more detail in the Financial Statements Bulletin 2023 from page 21 onwards.
Financial risks are described in the Notes to the Financial Statements 2023 from page 70 onwards.
Risks and impacts of the war in Ukraine on Kemira
Following the war in Ukraine, Kemira exited Russia in May 2022. At the end of December 2023, Kemira’s net assets in Russia amounted to around EUR 5 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 23 in Kemira’s Financial Statements Bulletin 2023.