IHS Chemical Week

People & Business :: Earnings/Finance

Kemira lowers fourth-quarter guidance, announces board nominations

8:54 AM MST | January 21, 2014 | Natasha Alperowicz

Kemira (Helsinki) today announced that it has lowered its operating Ebit guidance for the fourth quarter of 2013. The company previously said that, excluding nonrecurring items, it expected Ebit to reach between €42 million and €50 million ($56.9–67.8 million) in the quarter. Kemira says it now expects €34–35 million.   Kemira cites several reasons for the reduction in expected Ebit, including lower-than-expected contributions from 3F. Kemira closed the acquisition and started consolidation of 3F on 1 October 2013. Other...

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