Kemira recently published its January-September 2014 Interim report. Key figures for the third quarter include:
- Organic revenue growth was 3%. Reported revenue decreased 2% to EUR 541.5 million (553.7) due to impact of divestments completed earlier.
- Operative EBITDA improved to EUR 69.9 million (68.9) with a margin of 12.9% (12.4%).
- Reported earnings per share increased to EUR 0.16 (0.09) mainly as a result of lower non-recurring charges than in the comparable period.
- On July 7, Kemira signed a preliminary agreement to acquire AkzoNobel's paper chemical business.
Key figures for the period January-September include:
- Organic revenue growth reached 1%. Reported revenue decreased 6% to EUR 1,589.6 million (1,683.9) due to divestments and unfavorable currency exchange rates.
- Operative EBITDA decreased 3% to EUR 187.6 million (193.9) with a margin of 11.8% (11.5%).
- Operative earnings per share were EUR 0.47 (0.53).
Kemira's President and CEO Jari Rosendal comments on the report:
"In the third quarter, Kemira's organic growth accelerated to 3% from 1% in the first half of 2014. Paper and Oil & Mining continued to grow above-the-market and Municipal & Industrial's revenue showed signs of recovery. Our operative EBITDA margin increased from 12.4% to nearly 13% with notable improvements in Oil & Mining and Municipal & Industrial.
Kemira is moving forward in the next phase of its strategy implementation: focusing on growth. We updated our mid-term revenue and operative EBITDA margin targets in September, expecting revenue of EUR 2.7 billion in 2017 and an operative EBITDA margin of 15%. These targets are expected to be reached through organic growth, inorganic growth, and continuous efficiency improvements.”
