Driving Sustainable Economies
Strong margin performance
Q3/2023
REVENUE AND ORGANIC GROWTH (Y-ON-Y)
EUR million
972
-7%
-2%
829
-4%
-2%
Q3 2022 Sales volumes Sales prices Currency
Others
Q3 2023
impact
OPERATIVE EBITDA BRIDGE
EUR million
Organic revenue growth -9% in Q3 2023;
+2% in 1-9 2023
Sales volumes declined following decline in Pulp & Paper.
Industry & Water sales volumes stable.
Sales prices decreased due to energy-intensive pulp and
bleaching chemicals, excluding their impact sales prices.
increased
Organic revenue growth excluding the Oil & Gas business
-12% in Q3 2023
Operative EBITDA EUR 160 million
Operative EBITDA margin improved year-on-year to 19.3%;
also sequential improvement from Q2 2023 (18.0%)
Strong improvement in I&W performance driven by water
treatment, margin rather stable in P&P despite weak market
environment
-10
153
-31
88
-24
Q3 2022
Kemira
Sales volumes
OCTOBER 24, 2023
-8
-6
160
Sales prices
Variable costs
Fixed costs
Currency impact
Others
Q3 2023
INVESTOR PRESENTATION
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