Kemira at all-time high after Q1 beat as demand recovers
** Kemira shares KEMIRA.HE rally around 8% to record high after Finnish chemical solutions maker reported better than expected Q1 results, citing a gradual recovery in demand
** Kemira books an operative EBITDAof EUR 163 million ($175 million) in Q1, which Inderes analysts Petri Gostowski says was well above 138 million seen in a consensus
** "Market demand continued to recover gradually and we saw volume growth both year-on-year and sequentially in both segments," CEO Antti Salminen says
** Salminen says the political strikes in Finland had only a limited impact on the Pulp & Paper segment
** The company keeps its guidance for 2024, as it expects end-market demand to grow slightly in 2024 amid pulp and paper demand recovery
** If gains persist, the stock, which hit an all-time high of 18.57 euros, will see its best day since February 2023
($1 = 0.9316 euros)
Reporting by Agnieszka Oleńska
Related Assets
Latest News
Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.
All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.
Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.
