Kemira Oyj, Press release, November 19, 2020 at 9.05 am (EET)
Kemira hosts a virtual Capital Markets Day today, November 19, 2020
Kemira organizes a virtual Capital Markets Day for investors and analysts today, November 19, 2020 at 2 pm – 4 pm EET. The aim of the Capital Markets Day is to provide an overview of Kemira’s progress since the last CMD in 2017 and key future focus areas.
President and CEO Jari Rosendal:
“Since the last Capital Markets Day in 2017, Kemira has significantly improved profitability. We have taken a lot of action to strengthen the foundation and we are confident Kemira is now a fundamentally stronger company. As a sign of this, Kemira’s Board of Directors has approved the company’s updated financial targets as well as the dividend policy: we are now aiming at an operative EBITDA margin of 15-18% and over-time increasing dividends to our shareholders.
Looking ahead, we have three key future focus areas: looking for above-the-market growth opportunities organically and inorganically as well as capitalizing on the opportunities arising from the growing sustainability trend, all the while maintaining profitability within the updated operative EBITDA margin range of 15-18%.
In terms of profitable growth, we see opportunities to grow both in Industry & Water as well as in Pulp & Paper. We also see interesting growth opportunities on the sustainability side as sustainable chemical solutions are expected to play an even larger role in our customers’ businesses in the future. Our objective is to become the leading provider of sustainable chemical solutions for water-intensive industries in the future and support our customers on their sustainability journey. This will mean building a more biobased product portfolio in the years to come by allocating investments to biobased products. Our goal is to grow our biobased revenue from 100 MEUR today to over 500 MEUR in 2030.”
Agenda for the virtual Capital Markets Day
The event starts on November 19, 2020 at 2.00 p.m. (EET) and will end at around 4.00 p.m. (EET)
You can follow the live webcast at kemira.videosync.fi/capital-markets-day-2020/register. The presentations can be found at company’s website www.kemira.com/company/investors/. A recording of the event will also be available in the same address later today. You may follow in social media: #KemiraCMD2020.
The event will consist of four presentations:
Jari Rosendal, President and CEO: Fundamentally stronger Kemira
Antti Salminen, President, Industry and Water: Increasing focus on water treatment
Harri Eronen, SVP, Pulp & Paper, EMEA: Building on our improved profitability*
Petri Castrén, CFO: Strong foundation to build on
*Mr. Kim Poulsen, President Segment Pulp & Paper, will be unable to attend the event due to a knee operation.
There will also be a pre-recorded interview with Matthew Pixton, Kemira’s Chief Technology Officer.
During the presentations, questions can be asked through the webcast platform. In the end, at approximately 3.45 p.m. EET, there will be a Q&A session where participants can ask questions via telephone.
Joining the telephone conference:
Finland Toll: +358 981710310
Sweden Toll: +46 856642651
United Kingdom Toll: +44 3333000804
United States Toll: +1 6319131422
For more information, please contact:
Mikko Pohjala, Vice President, Investor Relations
Tel. +358 40 838 0709
Kemira is a global chemicals company serving customers in water intensive industries. We provide best suited products and expertise to improve our customers’ product quality, process and resource efficiency. Our focus is on pulp & paper, oil & gas and water treatment. In 2019, Kemira had annual revenue of around EUR 2.7 billion and over 5,000 employees. Kemira shares are listed on the Nasdaq Helsinki Ltd. www.kemira.com