• Wed. Feb 21st, 2024

Kemira Takes a Dividend of EUR 0.68 Per Share Despite Decrease in Net Sales

ByEditor

Feb 12, 2024
Kemira’s year-end pace slowed due to decrease in chemical prices – Economy

Kemira, a leading chemical company, has announced that it will be paying a dividend of EUR 0.68 per share. Despite experiencing a decrease in net sales in October-December, the company’s operating profit for the year increased by 17 percent to reach EUR 667 million. The net sales for the period decreased from EUR 969 million to approximately EUR 809 million due to lower sales prices of energy-intensive pulp and bleaching chemicals. However, the sale of the Oil & Gas business had a significant impact on the actual operating profit, which shrank to just under EUR 113 million. Despite this challenge, Kemira’s turnover for the entire year fell to only 3.38 billion euros and its profitability reached a record high last year with an operating profit of EUR 463 million.

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