Q2 2024 Kemira Oyj Earnings Call Transcript
Key Points
- Kemira Oyj (KOYJF) reported solid performance in Q2 2024 with steady volume growth and margin improvement.
- The company saw a significant recovery in the pulp and paper segment, with a 10% year-on-year volume increase.
- Customer satisfaction and employee engagement scores reached all-time highs, indicating strong internal and external support.
- Kemira Oyj (KOYJF) made strategic investments in growth areas, including expanding coagulant capacity in Spain and entering the micropollutants removal market.
- The company maintained strong cash flows and defended its margins well despite a decline in raw material costs.
- The pulp and paper segment experienced seasonal weakness due to maintenance shutdowns, impacting Q2 results.
- Sales prices declined by 6% year-on-year, influenced by lower caustic and electricity prices.
- The closure of the Argentina legal entity resulted in a negative impact of approximately EUR7 million on EPS.
- Despite the positive outlook, there is uncertainty about the continuation of market recovery in the pulp and paper segment.
- The company faces ongoing challenges in maintaining revenue growth amidst fluctuating raw material costs and market conditions.
Good morning, everyone, and welcome to Kemira's Q2 2024 results webcast. I'm Mikko Pohjala from Kemira's IR. And as always, I'm here today with our President and CEO, Antti Salminen; and our CFO, Petri Castren. As you have surely seen with earlier today, published our Q2 results with solid performance. And in the webcast today, Antti will cover the main events of the quarter, after which then Petri will cover the key financials.
And after that, we'll have plenty of time for your questions. So you can submit your question from the webcast tool or then via the teleconference. With this short intro remarks, I'll hand over to Antti.
Good morning, on my behalf as well, and really happy to be reporting on my first full quarter as the CEO of Kemira. What a great company to work for operating in the heart of the sustainability transition of the world, working on the water and the fiber economy.
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
