Investor Presentaiton
Strong cash flow
ALL KEY FIGURES IN EUR MILLION
CASH FLOW FROM OPERATIONS
386
375
143
146
Q4
205
210
Q3
71
88
121
117
Q2
93
64
57
61
23
Q1
29
12
35
65
2017*
2018*
2019
50
2020
*Pre-IFRS16 figures
CAPITAL EXPENDITURE EXCL. ACQUISITIONS
201
196
•
190
150
66
78
98
44
44
65
53
39
73
59
53
65
2017
2018
2019
2020
Expansion
Improvement
Maintenance
Kemira FEBRUARY 11, 2021 INVESTOR PRESENTATION
Q4 cash flow from operations strong at EUR 146.4
million. January-December 2019 period included EUR
15 million return of excess capital from Kemira's
supplementary Pension Fund in Finland.
Net working capital improved from Q3 2020 mainly due
to lower inventory levels and higher payables. NWC
was EUR 197 million end of December 2020 (EUR 211
million at end of 2019).
Capex estimated to be around EUR 200 million in 2021:
Expansion of manufacturing facility in Uruguay to cater for
UPM's upcoming pulp mill
Mobile polymer plant to start production in H2 2021
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