KEMIRA Kemira Oyj

Kemira Oyj: Manager’s transaction; Oras Invest has acquired 3 million Kemira shares

Kemira Oyj: Manager’s transaction; Oras Invest has acquired 3 million Kemira shares

Kemira Oyj

Managers transactions

October 25, 2019 at 4.35 pm (CET+1)

Kemira Oyj: Manager’s transaction; Oras Invest has acquired 3 million Kemira shares 



With reference to the EU Market Abuse Regulation Kemira has received a notification from Oras Invest Oy of a transaction made on October 25, 2019 with its financial instrument.



Detailed information about the transaction is given below.

Person subject to the notification requirement

Name: Oras Invest Oy

Position: Closely associated person

Issuer: KEMIRA

LEI: 74370031Y7RK5H88CQ48

Notification type: INITIAL NOTIFICATION

Reference number: 74370031Y7RK5H88CQ48_20191025161529_2

Person discharging managerial responsibilities in issuer

Name: Jari Paasikivi

Position: Member of the Board of Directors / Deputy member

____________________________________________

Transaction date: 2019-10-25

Venue: OFF-EXCHANGE TRANSACTIONS (XOFF)

Instrument type: SHARE

ISIN: FI0009004824

Nature of the transaction: ACQUISITION

Transaction details

(1): Volume: 3,000,000 Unit price: 14.0 EUR



Aggregated transactions

(2): Volume: 3,000,000 Volume weighted average price: 14.0 EUR

Total ownership of instrument after the transaction: 31,278,217 shares

For more information, please contact:



Kemira Oyj

Jukka Hakkila, Group General Counsel

+358 10 862 1690



Kemira
is a global chemicals company serving customers in water intensive industries. We provide best suited products and expertise to improve our customers’ product quality, process and resource efficiency. Our focus is on pulp & paper, oil & gas and water treatment. In 2018, Kemira had annual revenue of around EUR 2.6 billion and 4,915 employees. Kemira shares are listed on the Nasdaq Helsinki Ltd.

EN
25/10/2019

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Kemira Oyj

Kemira Oyj: 1 director

A director at Kemira Oyj sold 9,600 shares at 20.020EUR and the significance rating of the trade was 57/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showi...

Tomi Railo
  • Tomi Railo

Kemira (Buy, TP: EUR23.00) - Softening in packaging

We have cut our 2025–2027e clean EPS by an average of c4% on a weaker than expected Q1 and our lowered estimates, mainly for Packaging & Hygiene and Fiber. The share price suggests an attractive 2025e EV/EBITDA of c5.5x and c25% upside potential to our lowered target price of EUR23 (25). We reiterate our BUY.

Tomi Railo
  • Tomi Railo

Kemira (Buy, TP: EUR25.00) - Focus on demand comments

Our focus in the Q1 results (due on 25 April, no details yet) will be clean EBITDA and demand comments, which may reflect increased uncertainty. We have cut our 2025–2027e clean EPS by c4% and our target price to EUR25 (27), but reiterate our BUY.

Mattias Holmberg
  • Mattias Holmberg

Who stands to benefit?

A potential peace deal between Russia and Ukraine could unlock one of the largest reconstruction efforts in modern history. The World Bank estimates Ukraine will need USD486bn in rebuilding efforts over the next decade, but we estimate this would add only c2% to annual European construction spending. While the direct earnings effect may be modest, we expect the “rebuild Ukraine theme” to drive investor sentiment. We see Volvo, Epiroc, Hexagon, Metso, Hiab and ABB as some of the primary beneficia...

Tomi Railo
  • Tomi Railo

Kemira (Buy, TP: EUR27.00) - Attractive quality and stability

After tweaking our 2025–2026e clean EPS following the Q4 results, we reiterate our BUY and EUR27 target price. In our view, earnings quality and stability are attractively valued at a 2025e EV/EBITDA of c6x versus the wider chemicals peer group on c7.5x.

ResearchPool Subscriptions

Get the most out of your insights

Get in touch