Kemira (KEMIRA) Investor presentation summary

Company overview and strategy

• Operative EBITDA margin reached 19.1% in 2025, with revenue of €2,753.5 million and operations in over 100 countries.

• Water Solutions is the largest business unit, accounting for 45% of revenue and holding a top-three market position in Europe and North America.

• Strategic focus is on expanding water business, building a leading renewable solutions portfolio, and unlocking new growth platforms.

• Targets include doubling water revenue and achieving over €500 million in renewable chemistries revenue by 2030.

• Four paths to renewable revenue: boosting current renewables, converting fossil-based products, developing new renewable chemistries, and exploration.

Financial performance and outlook

• Q1 2026 revenue declined 4% year-on-year to €677 million, with organic growth at -3%.

• Operative EBITDA margin dropped to 17.3% in Q1 2026, mainly due to pricing and FX impacts.

• Net profit for Q1 2026 was €45.5 million, down 26% from the previous year.

• 2026 revenue is expected between €2,600–3,000 million, with operative EBITDA between €470–570 million.

• Balance sheet remains strong, supporting long-term growth and ongoing share buyback program.

Business unit highlights

• Water Solutions: Stable municipal demand, industrial volatility; Q1 2026 EBITDA margin at 18.4%.

• Packaging & Hygiene Solutions: Challenging market, Q1 2026 EBITDA margin at 10.1%.

• Fiber Essentials: Improved profitability, Q1 2026 EBITDA margin at 26.7%.

• Water Solutions aims to double revenue, leveraging regulatory tailwinds and investments in activated carbon and biogas.