Kemira upgrades its 2023 outlook for operative EBITDA. Kemira’s end-markets have developed in line with expectations while profitability development has been better than expected following successful variable cost management.
Kemira now expects the operative EBITDA to be between Euro 620 and 680 million in 2023 (2022: Euro 571.6 million). Kemira's revenue is expected to be between Euro 3,200 million and Euro 3,700 million in 2023 (2022: Euro 3,569.6 million).
Kemira’s end-market demand (in volumes) is expected to decline. Demand is expected to be resilient in water treatment, while demand in the pulp and paper market is expected to be weak following economic slowdown and continued destocking in the customer value chain. Demand in the oil & gas market is expected to grow. Variable costs overall are expected to decline, while electricity prices are expected to remain above long-term average in Europe. Market prices for caustic soda are expected to moderate during 2023. The outlook assumes no major disruptions to Kemira’s manufacturing operations, supply chain, or Kemira’s energy-generating assets in Finland. Foreign exchange rates are expected to remain at approximately current levels. The outlook is based on Kemira's current portfolio, including the Oil & Gas business.
Kemira is a global leader in sustainable chemical solutions.
