Kemira drops on Pulp and Paper pricing weakness
** Shares in Kemira KEMIRA.HE drop around 10% to nearly two-month low after the Finnish chemical solutions maker reported weaker sales at its Pulp and Paper division
** OP analyst Henri Parkkinen says the sales prices in the Pulp and Paper division are down significantly, putting some pressure on H2 2024 and 2025 consensus expectations
** The segment's revenue decreased 2% y/y to EUR 412.4 million ($449.93 million), against EUR 427.4 million seen in Vara consensus, as the company said 1% higher volumes were offset by the lower sales prices
** Parkkinen adds that Kemira has clearly outperformed its peers in 2024; up to the previous session's close, shares were up 39% YTD
($1 = 0.9166 euros)
Reporting by Agata Rybska
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