Kemira Pays Out Record Dividend Despite Fluctuating Sales and Profits

Kemira’s year-end pace slowed due to decrease in chemical prices – Economy

Kemira, a leading industrial chemical company, is paying out a dividend of EUR 0.68 per share to its shareholders. Despite seeing a decrease in net sales during the October-December period, the company’s operating profit increased by 17% compared to the previous year. The lower sales prices of energy-intensive pulp and bleaching chemicals were attributed to the decrease in net sales. However, the sale of the Oil & Gas business resulted in a significant loss that reduced Kemira’s actual operating profit to just under 113 million euros. For the whole year, Kemira’s operating EBITDA was at a record high and exceeded 667 million euros. Despite this success, Kemira reported that its turnover for the entire year fell to 3.38 billion euros and its operating profit increased to 463 million euros. The proposed dividend is an impressive EUR 0.68 per share, reflecting Kemira’s strong financial performance throughout the year.

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