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

Kemira Defies Challenges with Record High Operating Profit Despite Net Sales Decline

Kemira, a leading industrial chemical company, announced that it will pay out a dividend of EUR 0.68 per share to its shareholders. Despite experiencing a decline in net sales in October-December 2019, Kemira’s operating profit increased by 17% from the previous year to reach a record high of EUR 463 million. The decrease in net sales was primarily attributed to lower sales prices for energy-intensive pulp and bleaching chemicals. However, Kemira’s loss related to the sale of its Oil & Gas business reduced the actual operating profit to just under EUR 113 million. Nevertheless, the company’s turnover for the entire year remained strong at EUR 3.38 billion.

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