Kemira issues a promising profit forecast

Kemira has provided a positive result warning, in which it estimates that its operating EBITDA will rise to 540-640 million euros. This outlook is an improvement over the initial estimate made at the end of April, which forecasted the operating EBITDA to remain between 480-580 million euros for the year. The revision in estimates is a testament to Kemira’s brighter profit prospects, partly driven by the recovery in demand.

Additionally, Kemira expects its turnover to increase to 2,800-3,200 million euros, up from the previous estimate of 2,700-3,200 million euros. While operating EBITDA is still behind last year’s figures, the company sees continued growth opportunities, particularly in the pulp & paper and water treatment markets. Variable costs are anticipated to remain stable, supporting the financial outlook for the year.

Following the announcement of improved estimates, Kemira’s shares rose significantly. The company’s stock price saw a nearly five percent increase, outperforming the general index of the Helsinki Stock Exchange, which was around 0.2 percent lower at the same time. This positive market response reflects investor confidence in Kemira’s growth trajectory and the favorable outlook for its financial performance.