Investor Presentaiton
Pulp & Paper: clear profitability
improvement in 2020
Market environment in 2020
•
Pulp, board and tissue demand remained resilient;
demand in printing and writing chemicals declined.
Improvement in market demand in Q4.
Organic growth improved towards year-end
•
.
Economic slowdown impacted volumes, particularly
in printing & writing products where revenue
declined by 9% in 2020
Sales volumes increased in Q4 2020, sequential
improvement in all customer segments
Strong operative EBITDA margin in 2020
.
•
Profitability improvement in APAC
2020 margin improvement result of good cost
management and contribution from recent
investments
Organizational restructuring in the Americas during
Q4 2020
REVENUE AND ORGANIC REVENUE GROWTH (Y-ON-Y)
EUR million
385 390
369
376
381
383
386
373
378
370
357 352
+7%
+6%
+5%
+4%
+0%
-3% -3% -3% -1%
0%
-4% -5%
Q4
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3
2018
2019
2020
OPERATIVE EBITDA AND OPERATIVE EBITDA-%
EUR million
18.4% 18.6% 18,6%
16.0%
15.9%
11.6% 12.1%
13.6% 13.1% 13.3%
14.4%
13.6%
61.3
65.6 65.5 68,9
60.2
42.7 45.4
52.3 51.2 50.7 53.7
52.6
Kemira
FEBRUARY 11, 2021 INVESTOR PRESENTATION
Q1 Q2 Q3 Q4 Q1* Q2* Q3*
Q4*
Q1* Q2* Q3*
Q4*
2018
2019
2020
* Includes IFRS16 impact
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