* Q2 adjusted EBIT 37 mln euros vs 44 mln in Reuters poll
* Trims outlook for the full-year
* Shares fall 5.2 pct
(Adds analyst comment, updates shares)
HELSINKI, July 22 Finnish chemicals company
Kemira revised its full-year earnings outlook on
Tuesday after a surprise profit fall in the second quarter,
citing pricing pressure and unfavourable foreign exchange rates.
Kemira said it now expects 2014 adjusted earnings before
interest, tax, depreciation and amortisation (EBITDA) to be
around the year-ago level of 251.9 million euros. It had earlier
forecast a rise to its adjusted operating profit (EBIT).
"There's no way around it, this is a clear profit warning.
EBIT will not rise either," said Pohjola analyst Antti Saari.
Kemira posted an adjusted operating profit of 37 million
euros ($50 million) in the second quarter, down from 40 million
euros a year earlier and missing analysts' average forecast of
Kemira appointed Jari Rosendal as new CEO in May after
Wolfgang Buechele, who pushed through a cost-cutting and
restructuring scheme, moved to Germany's Linde.
Kemira earlier this month announced it would buy rival Akzo
Nobel's paper chemical business for 153 million euros,
and analysts say Rosendal should seek more deals to tap to new
growth while keeping costs in check.
The company aims to make 15 percent of EBITDA per sales by
2016. In the second quarter, at 11.6 percent, the EBITDA margin
was well below that.
"Their competitiveness and pricing power doesn't look too
strong... I believe the company must find quite a lot savings to
achieve the target, which will be a challenge for the new
management," Saari said.
Shares in the firm fell 5.2 percent to 11.38 euros by 1229
GMT. ($1 = 0.7415 Euros)
(Reporting By Jussi Rosendahl; Editing By Sakari Suoninen and