Kemira Oyj First Quarter 2024 Earnings: Beats Expectations

Kemira Oyj (HEL:KEMIRA) First Quarter 2024 Results

Key Financial Results

• Revenue: €763.7m (down 16% from 1Q 2023).
• Net income: €75.8m (down 18% from 1Q 2023).
• Profit margin: 9.9% (in line with 1Q 2023).
• EPS: €0.49 (down from €0.61 in 1Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Kemira Oyj Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 5.1%. Earnings per share (EPS) also surpassed analyst estimates by 22%.

Looking ahead, revenue is expected to decline by 2.0% p.a. on average during the next 3 years, while revenues in the Chemicals industry in Europe are expected to grow by 4.5%.

Performance of the market in Finland.

The company's shares are up 10% from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We have a graphic representation of Kemira Oyj's balance sheet and an in-depth analysis of the company's financial position.

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