Chemical group Kemira (OMX: KRA1V), which is focusing in water-intensive industries, is down sharply after releasing quarter numbers. Kemira’s revenue was up a notch to 548.8 million Euro and operative EBIT down slightly to 37.3 million. Kemira said it was not fully able to offset higher variable costs. Specialty chemicals segment, which has customers in food, feed, and pharmaceutical, was the main culprit.
Kemira still expects 2011 revenue to slightly best 2010 number and operative EBIT to be above 2010 numbers as well on implemented sales price increases. Titanium dioxide producer Sachtleben, in which Kemira holds a 39% stake continued to perform extremely well. More information is here.
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