Investor Presentaiton
Gearing below financial target range
DEVELOPMENT OF OPERATIVE ROCE, %
12.1%
11.2%
9.7%
9.8%
2017*
*Pre-IFRS16 figures
11.9%
2018*
2019
2020
Q1 2021
NET DEBT (EUR million) AND LEVERAGE RATIO*
811
•
741**
759
777
694**
677**
638**
655**
2.3
2.0
2.2
1.7
1.8
Dec 31
2017
Dec 31
2018
Dec 31
2019
Dec 31
2020
March 31
2021
Leverage ratio = Net debt / last 12 months operative EBITDA
**
*pre-IFRS 16 figures
Kemira
APRIL 27, 2021
INVESTOR PRESENTATION
Operative ROCE good at 11.9% driven by
improvement in Pulp & Paper
Pulp & Paper operative ROCE 11.4% (Q1 2020: 8.5
%)
Industry & Water operative ROCE 12.6% (Q1 2020:
17.6%)
.
•
Gearing 67% - below financial target range of below
75%
Average interest rate of net debt excluding leases is
1.7% and duration is 34 months
With pre-IFRS 16 net debt figures:
gearing 56%
leverage ratio 1.7
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