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Chemical Week Magazine :: Companies

Kemira improves profitability on lower sales in third-quarter 2014

3:36 AM MDT | October 22, 2014 | Michael Ravenscroft

Kemira (Helsinki) has announced Ebitda of €69.9 million ($89.3 million) in third-quarter 2014, compared with €68.9 million in the corresponding period in 2013, or 1.5% year-on-year (YOY). Ebitda margin was 12.9%, versus 12.4% a year ago. Revenue in the quarter was €541.5 million, compared with €553.7 million for the year-ago period, a decrease of 2%. The drop in sales was the result of divestments, the company says. Earnings per share in third-quarter 2014 were €0.16, compared with a loss of €0.09 a year ago, mainly as a result of...

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