Kemira’s pace at the end of the year slowed due to a drop in chemical prices – Economic Impact

Kemira Surprises Investors with Strong Financial Results and Commitment to Sustainability

Kemira, a leading industrial chemical company, is pleased to announce that it will be paying a dividend of EUR 0.68 per share to its shareholders. The company’s financial results for the October-December period show a slight decrease in net sales compared to the same period last year. This was primarily due to lower sales prices for energy-intensive pulp and bleaching chemicals. Despite this, Kemira’s operating profit dropped by just 9 percent to EUR 113 million, with the actual operating profit reduced to EUR 1.3 million due to the sale of the Oil & Gas business.

Despite these challenges, Kemira’s operating EBITDA increased by an impressive 17 percent to EUR 667 million for the entire year. The company reported that its profitability was at an all-time high in 2020, with a turnover of EUR 3.38 billion and an operating profit of EUR 463 million.

In addition to its strong financial performance, Kemira has also been making strides in sustainability initiatives throughout the year. The company has launched several new products and services aimed at reducing its environmental impact and improving customer satisfaction. These efforts have helped Kemira maintain its position as a leader in the industrial chemical industry and continue to drive growth in the long term.

Overall, Kemira remains optimistic about its future prospects and is committed to delivering value for its shareholders through continued innovation, excellence, and sustainability initiatives.

Leave a Reply

Finland’s presidential election victory goes to Alexander Stubb Previous post Alexander Stubb Secures Finnish Presidency with Narrow Win in Second Round Elections.
World marathon record holder Kelvin Kiptum and his coach tragically killed in road accident | International News Next post Tragic Loss: Kelvin Kiptum, the 24-Year-Old Marathon Record Holder, Dies in Road Accident