Kemira’s year-end pace slowed due to decrease in chemical prices – Economy

Kemira, a leading industrial chemical company, announced today that it will be paying a dividend of EUR 0.68 per share to its shareholders. Despite experiencing lower net sales in October-December, the company’s profitability reached a record high last year.

In the October-December period, Kemira’s net sales decreased by approximately 16 percent compared to the previous year. The decrease was mainly attributed to lower sales prices of energy-intensive pulp and bleaching chemicals. However, despite this setback, Kemira’s operating profit increased by 17 percent from the previous year to 667 million euros. This increase was largely due to the sale of the Oil & Gas business, which boosted the actual operating profit to 463 million euros.

Looking ahead, Kemira remains optimistic about its future prospects and expects continued growth in its core businesses. The proposed dividend of EUR 0.68 per share reflects this optimism and is intended to reward shareholders for their continued support of the company. With a turnover of 3.38 billion euros and an operating profit of 463 million euros for the whole year, Kemira is well positioned for long-term success in the industrial chemical industry.

By Editor

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