Kemira (KEMIRA) Q3 2026 earnings summary

Executive summary

• Q3 revenue rose 3% YoY to EUR 708.9m, mainly from acquisitions; organic growth was flat as prices rose and volumes fell. Operative EBITDA declined 18% to EUR 112.8m amid cost inflation.

• Jan-Sep revenue fell 1% to EUR 2,079.3m and operative EBITDA fell 16% to EUR 341.8m, as lower prices, volumes and cost inflation weighed on results.

• Performance improvement measures and strategic execution continued amid weak demand and volatile costs.

Financial highlights

• Q3 operative EBIT was EUR 59.3m, net profit EUR 34.5m and diluted EPS EUR 0.21; reported EBITDA was EUR 110.6m, including EUR 2.3m of items affecting comparability.

• Price and variable-cost changes had a net EUR 24m negative Q3 impact on operative EBITDA; higher variable costs reduced EBITDA by EUR 35m, while price increases added EUR 11m and fixed-cost reductions EUR 8m.

• Q3 operating cash flow was EUR 57.0m, down 57% YoY; Jan-Sep operating cash flow was EUR 207.9m, down 17%.

• Jan-Sep net profit was EUR 117.0m, while reported EBITDA was EUR 337.5m, including EUR 4.3m of items affecting comparability.

Outlook and guidance

• FY2026 revenue guidance remains EUR 2,600m–3,000m and operative EBITDA guidance EUR 400m–500m.

• Outlook assumes ~EUR 100m of full-year raw material and logistics cost inflation, with ~50% expected to be offset by price increases.

• Demand is expected to remain weak near term; guidance assumes no major manufacturing or supply-chain disruptions and a steady US dollar.

• FY2026 capex excluding acquisitions is expected to be slightly above 2025 levels.