KEMIRA Kemira Oyj

Kemira Oyj: Change in the holding of the company’s own shares

Kemira Oyj: Change in the holding of the company’s own shares

Kemira Oyj

Stock Exchange Release

March 24, 2020 at 9 am (CET+1)

Kemira Oyj: Change in the holding of the company’s own shares





On March 24, 2020 a total of 873 shares have been returned to Kemira Oyj.

The return is related to the share issue announced on March 7, 2019. In the share issue, Kemira shares held by the company were conveyed to key employees participating in the share incentive plan during the 2018 performance period. The shares were returned to the company based on the terms and conditions of the plan.

After the return, the company holds a total of 2,426,394 own shares.

For more information, please contact:





Kemira Oyj

Mikko Pohjala, Vice President, Investor Relations

Tel.  9

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 2019, Kemira had annual revenue of around EUR 2.7 billion and over 5,000 employees. Kemira shares are listed on the Nasdaq Helsinki Ltd. 

EN
24/03/2020

Underlying

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

Reports on Kemira Oyj

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.

Tomi Railo
  • Tomi Railo

Kemira (Buy, TP: EUR27.00) - Continued earnings resilience

Our focus for the Q4 results is the demand and clean EBITDA resilience, and the 2025 outlook and guidance. We have raised our 2025–2026e clean EPS by c2% and reiterate our BUY and EUR27 target price.

ResearchPool Subscriptions

Get the most out of your insights

Get in touch