Kemira Oyj Stock Earnings Reports

Kemira reported a challenging Q2 driven by cost inflation and weak end-market demand. Revenue was stable year‑on‑year at EUR 693m, aided by acquisitions (water M&A) while organic growth was -2%. Operative EBITDA fell to EUR 112m, a 16.1% margin, hurt primarily by sharply higher raw material and logistics costs related to the Iran conflict and difficult pricing execution in a weak market. Management estimates the Iran-related gross cost impact for 2026 at roughly EUR 100m and currently expects to mitigate about half of that via price actions; the remainder is a material headwind. The company updated full‑year guidance to revenue of EUR 2.6–3.0bn and operative EBITDA of EUR 400–500m. Business highlights: Water Solutions grew (acquisition-driven) and remains the best ROCE generator though margins were pressured; Packaging & Hygiene had stable revenue and margin improvement via cost measures; Fiber Essentials saw a sharp organic decline (-12%) because of lower pulp‑mill utilization and severe sulfur supply/price disruption. Balance sheet remains solid (net debt ~EUR 622m, leverage ~1.3x), share buyback completed and shares cancelled, and management continues to pursue cost and efficiency programs and targeted M&A in water while expecting H2 pricing benefits to materialize with a lag.