Kemira’s financial targets and outlook for 2025
Financial targets and historical figures
Kemira updated its long-term financial targets on September 25, 2024 to reflect profitable growth ambitions and structurally higher margin profile. Read more here.
| Targets | 2022 | 2023 | 2024 |
| Average annual organic growth over 4% | +27% | -2% | +1% |
| Operative EBITDA* 18–21% | 16.5% | 20.6% | 20.0% |
| Operative ROCE* over 16% | 16.2% | 22.4% | 20.6% |
*The figures for operative EBITDA for the years 2022-2024 and the figure for operative ROCE for the years 2023 and 2024 have been adjusted figures after the Oil & Gas divestment.
Read more: Debt Information
Outlook for 2025 (updated on July 10, 2025 and reiterated on July 18, 2025)
On July 10, 2025, Kemira issued a profit warning and downgraded its outlook for 2025, as well as provided preliminary financials for Q2. Read the entire release here.
Revenue:
Kemira’s revenue is expected to be between EUR 2,700 and EUR 2,950 million in 2025 (reported 2024 revenue: EUR 2,948.1 million).
Operative EBITDA:
Kemira’s operative EBITDA is expected to be between EUR 510 and EUR 580 million in 2025 (reported 2024 operative EBITDA: EUR 585.4 million).
Assumptions behind the outlook (updated):
The continued global economic uncertainty is expected to result in softer volume demand in Kemira’s end-markets. The uncertainty is expected to impact the packaging and pulp market in particular, while the water treatment market is expected to grow in all regions. In a weaker macroeconomic setting, the raw material environment is expected to remain rather stable as a whole. The outlook assumes no major disruptions to Kemira’s manufacturing operations, to the supply chain or to Kemira’s energy-generating assets in Finland. The outlook assumes the US dollar to remain approximately on the same level as in the end of Q2 2025.
Previous outlook for 2025 (issued on February 11, 2025; reiterated on April 25, 2025)
Revenue:
Kemira’s revenue is expected to be between EUR 2,800 and EUR 3,200 million in 2025 (reported 2024 revenue: EUR 2,948.1 million).
Operative EBITDA:
Kemira’s operative EBITDA is expected to be between EUR 540 and EUR 640 million in 2025 (reported 2024 operative EBITDA: EUR 585.4 million)
Assumptions behind the outlook:
The increased global economic uncertainty is expected to result in softer volume demand in Kemira’s end-markets. The uncertainty is expected to impact the packaging market in particular, while the water treatment market is expected to grow in all regions. In a weaker macroeconomic setting, the raw material environment is expected to remain rather stable as a whole. The outlook assumes no major disruptions to Kemira’s manufacturing operations, to the supply chain or to Kemira’s energy-generating assets in Finland. The outlook assumes some weakening of the US dollar compared to year-end rate.