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Kemira Oyj Affirms FY 2013 Financial Guidance and Issues FY 2016 Financial Targets with FY 2016 Revenue Outlook Above Analysts' Estimates


Tuesday, 23 Apr 2013 07:30am EDT 

Kemira Oyj announced that the Company's fiscal year 2013 financial guidance remains unchanged. The Company continues to expect revenue in local currencies, excluding divestments, to be slightly higher than in 2012 and operative EBIT to be significantly higher than in the fiscal year 2012. For the fiscal year 2012 Kemira reported revenue of EUR 2,240.9 million and operative EBIT of EUR 155.5 million. According to I/B/E/S Estimates analysts on average are expecting the Company to report revenue of EUR 2,241.48 million and EBIT of EUR 176.26 million for the fiscal year 2013. Kemira also issued its long term financial targets including revenue of between EUR 2.6 billion and EUR 2.7 billion with EBITDA margin of 15% and a gearing less than 60% for the fiscal year 2016. According to I/B/E/S Estimates analysts on average are expecting the Company to report revenue of EUR 2,476.71 million for the fiscal year 2016. 

Company Quote

10.57
0.04 +0.38%
11:29am EST