2009-03-27 10:30:00 CET
2009-03-27 10:31:13 CET
REGULATED INFORMATION
Kemira Oyj - Company Announcement
Kemira: Restated segment information for 2008
Kemira Oyj
Stock Exchange Release
March 27, 2009 at 11.30 am (CET+1)
Reflecting the new strategy announced in June 2008, also Kemira's
business structure changed. Kemira began financial reporting
according to the new structure from the beginning of 2009. The new
reporting segments are Paper, Water, Oil & Mining, Tikkurila and
Other. Segment comparatives for 2008 have been adjusted to match the
new breakdown as shown in the table below. The figures are unaudited.
In the full year financial statements the 2008 figures were reported
according to the earlier segment structure. The new segment structure
will be implemented in the January-March interim report to be
published on 6 May 2009.
The segment Other includes the ChemSolutions business, i.e. organic
acids and salts, as well as corporate expenses not charged to the
segments (some research and development costs, the costs of the CEO
office).
Restated segment information for
2008
(The figures are unaudited)
EUR million 2008
1-3 4-6 7-9 10-12 Total
REVENUE
Paper external 243.5 234.7 263.0 246.4 987.6
Paper Intra-Group 4.2 6.4 4.7 0.4 15.7
Water external 135.8 143.7 155.9 146.8 582.2
Water Intra-Group 0.5 0.7 0.1 0.2 1.5
Oil & Mining external 67.0 66.7 73.6 66.0 273.3
Oil & Mining Intra-Group 0.5 0.1 0.9 0.6 2.1
Tikkurila external 145.2 205.7 193.7 103.5 648.1
Tikkurila Intra-Group 0.0 0.0 0.0 0.0 0.0
Other external 92.1 90.7 93.9 64.8 341.5
Other Intra-Group 24.7 21.1 10.4 17.1 73.3
Eliminations -29.9 -28.3 -16.2 -18.2 -92.6
Total 683.6 741.5 780 627.6 2832.7
OPERATING PROFIT
Paper 12.4 7.6 10.9 -33.5 -2.6
Water 6.6 4.7 7.3 -13.3 5.3
Oil & Mining 3.8 2.4 3.4 -7.7 1.9
Tikkurila 11.7 29.7 30.4 -12.6 59.2
Other -1.5 -4.9 17.5 -1.0 10.1
Eliminations 0.0 -0.2 0.3 0.0 0.1
Total 33 39.3 69.8 -68.1 74.0
Financial income and expenses, net -11.2 -13.9 -20.7 -23.7 -69.5
Share of profit and loss of
associates 0.1 0.2 -0.3 -2.7 -2.7
Profit before taxes 21.9 25.6 48.8 -94.5 1.8
Income tax -5.9 -6.7 -13.4 26.0 0.0
Net profit for the period 16 18.9 35.4 -68.5 1.8
OPERATING PROFIT EXCLUDING NON-RECURRING
ITEMS
Paper 12.4 7.6 11.7 9.8 41.5
Water 6.2 4.6 7.3 6.9 25.0
Oil & Mining 1.9 2.4 3.5 0.6 8.4
Tikkurila 11.7 29.7 30.4 -12.6 59.2
Other -5.0 -6.9 3.3 7.0 -1.6
Eliminations 0.0 -0.2 0.3 0.0 0.1
Total 27.2 37.2 56.5 11.7 132.6
CAPITAL EMPLOYED BY SEGMENTS 31.12.2008
Paper 813.8
Water 347.7
Oil & Mining 154.4
Tikkurila 288.4
Other 391.6
Eliminations 0.0
Total 1,995.9
ASSETS BY SEGMENTS
Paper 977.1
Water 453.4
Oil & Mining 193.7
Tikkurila 365.5
Other 453.0
Eliminations -19.9
Assets included in capital
employed 2,422.8
Available-for-sale investments 159.8
Deferred tax assets 12.7
Other investments 11.5
Defined benefit pension
receivables 54.0
Other assets 79.5
Money market investments - cash
equivalents 87.1
Cash and cash equivalents 32.3
Total assets 2,859.7
LIABILITIES BY SEGMENTS
Paper 163.3
Water 105.7
Oil & Mining 39.3
Tikkurila 77.1
Other 61.4
Eliminations -19.9
Liabilities included in capital
employed 426.9
Interest-bearing non-current
liabilities 609.2
Interest-bearing current
liabilities 559.3
Other liabilities 288.3
Total liabilities 1,883.7
Kemira Oyj
Päivi Antola, Senior Manager, IR and Financial Communications
For more information, please contact
Kemira Oyj
Päivi Antola, Senior Manager, IR and Financial Communications
Phone +358 (0)10 862 1140
Marjo Taajamaa, Vice President, Group Reporting & Business Control
Phone +358 (0)10 862 1549
Kemira is a focused company, best in water and fiber management
chemistry.
In 2008, Kemira recorded revenue of approximately EUR 2.8 billion and
had a staff of 9,400. Kemira operates in 40 countries.
www.kemira.com
© 2024 Nasdaq, Inc. All Rights Reserved |