Kemira Capital Markets Day 2011
(Thomson Reuters ONE) -
Kemira Oyj
Stock exchange release
September 15, 2011 at 12.00 pm (CET+1)
Today at the Capital Markets Day in Helsinki, Harri Kerminen, President and CEO
gave a presentation about Kemira's strategy. Kemira improves its customers water
related processes through chemistry applications, and has strong market
positions in targeted customer industries.
Kemira's strategy is designed to leverage growing demand for water and
continuous productivity improvement, reducing volatility of business performance
over cycle. Kemira has improved its operative EBIT in January-June 2011 by 4%
despite a 20% increase in its raw material costs.
"Regarding the JV Sachtleben TiO2 business, Kemira and its partner Rockwood have
both stated that they do not consider TiO(2) to be a long-term core business.
Therefore, although we are currently happy with the performance of this
business, we continue to consider and evaluate strategic options for this
business for the long-term", Harri Kerminen said in his presentation.
Other Kemira speakers at the Capital Markets Day included Jyrki Mäki-Kala, CFO,
Petri Helsky, president, Paper segment, Pekka Ojanpää, president, Municipal &
Industrial segment, Randy Owens, president Oil & Mining segment, Heidi
Fagerholm, Executive Vice President R&D and Technology.
Kemira kept its outlook for 2011 announced in the beginning of the year
unchanged. Kemira expects the volume recovery that was seen in 2010 to continue
in 2011 and Kemira's revenue is expected to be slightly higher than in 2010.
Despite the rising raw material prices, Kemira expects the operative EBIT in
2011 to be higher than in 2010.
In 2011, Kemira expects the capital expenditure to be between EUR 100-110
million.
Kemira's financial targets remain as communicated in connection with the Capital
Markets Day in September 2010. The company's medium term financial targets are:
- revenue growth in mature markets > 3% per year, and in emerging markets > 7%
per year
- EBIT, % of revenue > 10%
- positive cash flow after investments and dividends
- gearing level < 60%.
For more information, please contact
Kemira Oyj
Tero Huovinen, Director, Investor Relations
Tel. +358 10 862 1980
Kemira is a global two billion euro chemicals company that is focused on serving
customers in water-intensive industries. The company offers water quality and
quantity management that improves customers' energy, water, and raw material
efficiency. Kemira's vision is to be a leading water chemistry company.
www.kemira.com
www.waterfootprintkemira.com
Link to the release (.pdf):
http://hugin.info/3008/R/1546740/474586.pdf
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Source: Kemira Oyj via Thomson Reuters ONE
[HUG#1546740]
Unternehmensinformation / Kurzprofil:
Datum: 15.09.2011 - 11:00 Uhr
Sprache: Deutsch
News-ID 64503
Anzahl Zeichen: 3564
contact information:
Town:
Helsinki
Kategorie:
Business News
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"Kemira Capital Markets Day 2011"
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