Positive profit warning issued by Kemira

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. The company expects its turnover to rise from 2,700–3,200 million euros to 2,800–3,200 million euros.

This revision comes after Kemira’s previously reported operating EBITDA of 666.7 million euros last year. Despite this, 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 expects variable costs 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. This indicates confidence in the revised profit estimates and suggests that investors see potential for growth in the company’s operations.

By Sophia Gonzalez

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