Driving Sustainable Economies
Record-strong Q3 cash flow
ALL KEY FIGURES IN EUR MILLION
CASH FLOW FROM OPERATIONS
386
400
•
413
375
Q4
143
146
255
173
220
Q3
121
117
81
145
143
Q2
57
61
87
115
115
Q1
65
50
38 14
97
42
42
-11
-11
2019
2020
2021
2022
1-9 2022
1-9 2023
CAPITAL EXPENDITURE EXCL. ACQUISITIONS
Record-strong Q3 cash flow from operations following
lower net working capital and higher net profit for the
period
.
-
Capex excluding acquisitions EUR 54 million in Q3 2023
Capex excl. acquisitions estimated to increase slightly in
2023 (2022: EUR 198 million):
Largest expansion capex projects: bleaching capacity expansion
in Uruguay and ASA capacity expansion in China
Uruguay expansion ramping up
•
8%
8%
6%
6%
4%
5%
201
196
198
169
43
98
78
26
132
108
58
50
26
44
23
39
40
30
93
97
65
73
-
54
66
2019
2020
2021
2022
1-9 2022
1-9 2023
Expansion Improvement
Maintenance
Percentage of
revenue
INVESTOR PRESENTATION
Kemira OCTOBER 24, 2023
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