Investor Presentaiton
Gearing below financial target range
DEVELOPMENT OF OPERATIVE ROCE, %
11.2%
9.7%
9.8%
12.1%
2017*
2018*
2019
2020
*Pre-IFRS16 figures
NET DEBT (EUR million) AND LEVERAGE RATIO*
694**
741**
•
Operative ROCE improved to 12.1% driven by
improvement in Pulp & Paper
Pulp & Paper operative ROCE 11.1% (2019: 7.7 %)
•
Industry & Water operative ROCE 13.9% (2019:
17.6%)
811
•
759
638**
2.2
2.3
2.0
1.7
Dec 31
2017
Dec 31
2018
Dec 31
2019
Dec 31
2020
Leverage ratio = Net debt / last 12 months operative EBITDA
**
*pre-IFRS 16 figures
Kemira
FEBRUARY 11, 2021 INVESTOR PRESENTATION
.
•
Gearing 63% - below financial target range of below
75%
Average interest rate of net debt excluding leases is
1.9% and duration is 20 months
With pre-IFRS 16 net debt figures:
gearing 53%
leverage ratio 1.6
66View entire presentation