Kemira has recently revised its operating EBITDA estimates for this year from 480–580 million euros to 540–640 million euros. The company attributes this positive revision to a brighter profit outlook due to an increase in demand, and expects its turnover to rise from 2,700–3,200 million euros to 2,800–3,200 million euros.
Despite the previously reported operating EBITDA of 666.7 million euros last year, the company’s operating EBITDA for this year is still expected to be lower than the previous year. However, Kemira anticipates growth in both the pulp & paper market and the water treatment market which is contributing to the brighter earnings outlook.
The company also predicts a higher turnover for this year compared to last year’s reported turnover of 3,383.7 million euros. Variable costs are expected to remain stable throughout the year contributing to a healthy bottom line. Investors responded positively to the earnings warning with Kemira’s share prices rising by almost five percent following the news, indicating confidence in the revised profit estimates.