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Kemira Oyj lowers Q4 2013 operative EBIT guidance and maintains FY 2013 revenue guidance


Tuesday, 21 Jan 2014 02:00am EST 

Kemira Oyj:Says it has lowered its operative EBIT guidance for the fourth quarter of 2013.Says its operative EBIT (excluding non-recurring items) was previously expected to be between 42 million euros and 50 million euros in the fourth quarter of 2013.Says its updated guidance indicates that operative EBIT is expected to be between 34 million euros and 35 million euros in the fourth quarter of 2013.Says revenue guidance for 2013 remains as previously communicated.Says it expects revenue in local currencies, excluding divestments to be slightly higher than in fiscal year 2012 which is from 0 percent to 5 percent higher.Says reported fiscal year 2012 revenue of 2,240.90 million euros.Fourth quarter 2013 EBIT 43.89 million euros - Thomson Reuters I/B/E/S.Fiscal year 2013 revenue of 2,250.71 million euros - Thomson Reuters I/B/E/S.Says main reasons for lowered EBIT guidance for Q4 2013 are lower-than-expected contribution from 3F, higher-than-expected fixed and inventory related costs and increased pension fund related accruals and other pension costs in EMEA region. 

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