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

ByEditor

Feb 11, 2024

Kemira, an industrial chemical company, is paying a dividend of EUR 0.68 per share. In the October-December period, Kemira’s net sales decreased to around 809 million euros from 969 million euros a year ago. This decrease in net sales was attributed to lower sales prices of energy-intensive pulp and bleaching chemicals. During the same period, Kemira’s operating profit dropped by 9 percent to just under 113 million euros. However, the actual operating profit was reduced to 1.3 million euros due to the loss related to the sale of the Oil & Gas business. Despite this, Kemira’s operating EBITDA for the entire year increased by 17 percent to 667 million euros. The company reported that its profitability was at a record high last year. Kemira’s turnover for the whole year fell to 3.38 billion euros, but the operating profit increased to 463 million euros. The proposed dividend is EUR 0.68 per share.

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