Kemira Oyj, Other information disclosed according to the rules of the Exchange, November 19, 2020 at 9.00 am (EET)
Kemira updates its financial targets and dividend policy
Kemira’s Board of Directors has approved the company’s updated financial targets, which will take effect immediately. Kemira’s target for operative EBITDA margin has been updated to 15-18% (previously 15-17%), while other financial targets remain unchanged.
Kemira’s updated financial targets are as follows:
-Above-the-market growth (unchanged)
-Operative EBITDA margin of 15-18% (previously 15-17%)
-Gearing below 75% (unchanged)
In addition, Kemira’s Board of Directors has approved a new dividend policy.
Kemira’s updated dividend policy
Kemira’s dividend policy aims at paying a competitive and over time increasing dividend.
The previous dividend policy was to pay a stable and competitive dividend.
Kemira will arrange a Capital Markets Day today November 19, 2020. The Capital Markets Day’s webcast details and presentations can be found at www.kemira.com/company/investors/.
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