Kemira Investor Presentation
Outlook for 2023 (upgraded on April 13,
2023)
OUTLOOK
REVENUE
Kemira's revenue is expected to be between EUR 3,200
and EUR 3,700 million (2022: EUR 3,569.6 million).
OPERATIVE EBITDA
Kemira's operative EBITDA is expected to be between
EUR 550 and EUR 650 million in 2023 (2022: EUR
571.6 million).
•
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ASSUMPTIONS FOR 2023
We expect demand in Kemira's end-markets to be
resilient despite the significant uncertainty related to the
global macroeconomic environment, energy prices, and
the development of the war in Ukraine. Overall, Kemira's
end-market demand (in volumes) is expected to decline
somewhat. Demand in the oil & gas market is expected to
grow.
Variable costs overall are expected to decline, while
electricity prices are expected to remain above long-term
average in Europe. Market prices for caustic soda are
expected to moderate during 2023.
The outlook assumes no major disruptions to Kemira's
manufacturing operations, supply chain, or Kemira's
energy-generating assets in Finland
• Foreign exchange rates are expected to remain at
approximately current levels.
• The outlook is based on Kemira's current portfolio,
including the Oil & Gas business
Kemira APRIL 25, 2023
INVESTOR PRESENTATION
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