Kemira (KEMIRA) Q1 2026 earnings summary

Executive summary

• Revenue declined 4% year-over-year to EUR 677.3 million in Q1 2026 due to weak global demand, cost inflation, and geopolitical tensions, notably the war in Iran.

• Operative EBITDA margin fell to 17.3% from 19.1% a year earlier, with profitability pressured by lower sales prices, FX impacts, and cost inflation.

• Despite challenges, the business remained profitable, supported by a strong balance sheet and ongoing growth strategy execution.

• Performance improvement actions and cost-cutting measures were accelerated, including price increases and a plan to reduce 150 roles globally.

• Two acquisitions were announced: AquaBlue, Inc. (completed) and SIDRA Wasserchemie (pending), supporting long-term growth.

Financial highlights

• Q1 revenue: EUR 677.3 million (-4% YoY); organic revenue growth -3%; negative currency effect EUR 26 million, mainly from USD.

• Operative EBITDA: EUR 117.3 million (-13% YoY); margin 17.3%.

• Net profit: EUR 45.5 million (-26% YoY); EPS (diluted): EUR 0.29.

• Cash flow from operations improved to EUR 91.7 million in Q1 and EUR 450 million for the last 12 months.

• Operative EBIT margin: 9.7% (down from 12.1% YoY).

Outlook and guidance

• Full-year 2026 revenue expected between EUR 2.6 billion and EUR 3 billion; operative EBITDA between EUR 470 million and EUR 570 million.

• Assumes mitigation of cost increases, no major operational disruptions, and a slightly weaker USD.

• End market demand is expected to remain weak, especially in packaging, pulp, and industrial water solutions.