Investor Presentaiton
Kemira's financial targets
FINANCIAL TARGETS AND HISTORICAL FIGURES
Targets
2018
2019
IFRS 16 impact in
2019
2020
Revenue
MEUR 2,593
Change +4%
Operative
12.5%
MEUR 2,659
Change +3%
15.4%
MEUR 2,427
Financial target
Above-market
Change -9%
growth
Around +1.3 %-point
17.9%
15-18%
EBITDA*
Gearing*
62%
66%
Around +11 %-points
63%
Below 75%
* Targets updated in February 2019 due to IFRS 16 accounting change. 2018 figures are PRE IFRS 16.
KEY FACTORS TO WATCH FOR
Factors
Sales price vs raw material price development
Organic growth through volume and sales price increases
Growth investments - Polymer capacity expansion in Netherlands (2019-
2020), AKD sizing Joint Venture in China (2019-2020), Polymer capacity
expansion in the US (2021), bleaching expansion in Uruguay (2022-2023)
Kemira
FEBRUARY 11, 2021 INVESTOR PRESENTATION
2020 comments
Good management of fixed and variable costs, including
lower raw materials and electricity costs.
Group's organic growth -4%, excl. Currencies and Oil &
Gas -2%.
Investments in China and the Netherlands contributed
positively to EBITDA in 2020 (impact double-digit millions).
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