Kemira Oyj - Financial Statement Release

Kemira Oyj's Financial Statements Bulletin 2014

Kemira Oyj
Stock Exchange Release
February 10, 2015 at 8.30 am (CET+1)

This is a summary of the Financial Statements Bulletin of 2014. The complete
Financial Statements Bulletin 2014 with tables is attached to this release and
available at www.kemira.com/investors.

Fourth quarter:

  * Organic revenue growth was 6% due to sales volumes growth in all three
    segments. Reported revenue remained stable at EUR 547.1 million (545.2).
  * Operative EBITDA increased 13% to EUR 65.3 million (58.0) with improved
    margin of 11.9% (10.6%).

Full year:

  * Organic revenue growth reached 3%. Reported revenue decreased 4% to EUR
    2,136.7 million (2,229.1), mainly due to divestments of coagulant business
    in Brazil, formic acid business in Finland, as well as distribution business
    in Denmark.
  * Operative EBITDA was EUR 252.9 million (251.9) with an improved margin of
    11.8% (11.3%).
  * Reported earnings per share increased to EUR 0.59 (-0.21) mainly as a result
    of lower non-recurring charges than in the comparable period. Operative
    earnings per share were EUR 0.63 (0.70).
  * The Board of Directors proposes a cash dividend of EUR 0.53 per share (0.53)
    to the Annual General Meeting 2015, totaling EUR 81 million (81) equivalent
    to 84% (76%) of the operative net profit.
  * Revised dividend policy aims at paying a stable and competitive dividend.
  * In 2015, Kemira will focus on profitable growth organically and
    inorganically. Kemira expects its revenue in 2015 to increase compared to
    2014 and operative EBITDA in 2015 to be approximately at the same level or
    increase compared to 2014. The outlook excludes the impact of AkzoNobel
    paper chemical business (acquisition expected to close in the first quarter
    of 2015). At closing, AkzoNobel paper chemical business is expected to add
    revenue of more than EUR 200 million on an annualized basis.

Kemira's President and CEO Jari Rosendal:"Kemira's fourth quarter went according to plan with continued organic growth
and improved operative EBITDA margin. Paper and Oil & Mining grew in line with
their overall growth during the year, whereas Municipal & Industrial recovery
became more visible toward the end of the year with the fourth quarter being
segment's first quarter with organic growth since Q3 2013.

In 2014, all our three segments delivered results well in line with their
strategic objectives. Paper delivered 6% and Oil & Mining 15% organic growth,
exceeding their respective market growth rates. Operative EBITDA margin in
Municipal & Industrial improved and cash flow was solid.

During the year, we made good progress in expanding our Paper business
geographically. In South America, we started pulp chemicals deliveries to the
new Montes del Plata pulp mill in Uruguay. Kemira was also selected as a sodium
chlorate supplier to Klabin's new pulp mill in Brazil. In APAC, the ongoing
ramp-up of our new manufacturing site in Nanjing, China supports growth in the
region. In addition, we are doubling our revenue in the region with the
acquisition of AkzoNobel's paper chemical business.

Looking forward, demand development for our products going into US shale
operations - representing less than 50% of Oil & Mining revenue - is uncertain
due to the steep drop in oil price. On the other hand, the present currency
exchange rates, particularly the strengthened U.S. dollar, are expected to
support our top line during 2015."


KEY FIGURES AND RATIOS

 EUR million                Oct-Dec 2014 Oct-Dec 2013 Jan-Dec 2014 Jan-Dec 2013
-------------------------------------------------------------------------------
 Revenue                           547.1        545.2      2,136.7      2,229.1
-------------------------------------------------------------------------------
 Operative EBITDA                   65.3         58.0        252.9        251.9
-------------------------------------------------------------------------------
 Operative EBITDA, %                11.9         10.6         11.8         11.3
-------------------------------------------------------------------------------
 EBITDA                             73.2        -11.2        252.9        141.9
-------------------------------------------------------------------------------
 EBITDA, %                          13.4         -2.1         11.8          6.4
-------------------------------------------------------------------------------
 Operative EBIT                     39.5         34.5        158.3        164.2
-------------------------------------------------------------------------------
 Operative EBIT, %                   7.2          6.3          7.4          7.4
-------------------------------------------------------------------------------
 EBIT                               45.4        -38.9        152.6         42.6
-------------------------------------------------------------------------------
 EBIT, %                             8.3         -7.1          7.1          1.9
-------------------------------------------------------------------------------
 Share of profit or loss of          0.2         -0.1          0.2         -1.1
 associates
-------------------------------------------------------------------------------
 Financing income and              -10.3         -7.7        -30.7        -39.0
 expenses
-------------------------------------------------------------------------------
 Profit before tax                  35.3        -46.7        122.1          2.5
-------------------------------------------------------------------------------
 Net profit                         23.9        -48.7         95.8        -25.9
-------------------------------------------------------------------------------
 Earnings per share, EUR            0.15        -0.33         0.59        -0.21
-------------------------------------------------------------------------------
 Operative earnings per             0.16         0.17         0.63         0.70
 share, EUR
-------------------------------------------------------------------------------
 Capital employed*               1,427.7      1,493.0      1.427.7      1,493.0
-------------------------------------------------------------------------------
 Operative ROCE*                    11.1         10.9         11.1         10.9
-------------------------------------------------------------------------------
 ROCE*                              10.7          2.8         10.7          2.8
-------------------------------------------------------------------------------
 Capital expenditure                54.9        105.0        145.1        197.5
-------------------------------------------------------------------------------
 Cash flow after investing         -22.4                      75.2        195.7
 activities                                     -18.5
-------------------------------------------------------------------------------
 Equity ratio, % at period-           51                        51           51
 end                                               51
-------------------------------------------------------------------------------
 Gearing, % at period-end             42           41           42           41
-------------------------------------------------------------------------------
 Personnel at period-end           4,248        4,453        4,248        4,453
-------------------------------------------------------------------------------

*12-month rolling average
Definitions  of  key  figures  are  available  at  www.kemira.com  > Investors >
Financial  information. Definition of Capital employed  has been changed and the
respective numbers for 2013 and 2014 have been restated.
Comparative 2013 figures are provided in parentheses for some financial results,
where  appropriate.  Operative  EBITDA,  operative  EBIT, operative earnings per
share and operative ROCE do not include non-recurring items.

Dividend and dividend policy (revised)

On December 31, 2014, Kemira Oyj's distributable funds totaled EUR 600,226,586
net profit, which accounted for EUR -1,279,154 for the period. No material
changes have taken place in the company's financial position after the balance
sheet date.

Kemira Oyj's Board of Directors proposes to the Annual General Meeting to be
held on March 23, 2015 that a dividend of EUR 0.53 per share totaling EUR 81
million shall be paid on the basis of the adopted balance sheet for the
financial year ended December 31, 2014.

Kemira revised dividend policy aims at paying a stable and competitive dividend.

KEMIRA'S FINANCIAL TARGETS 2017 AND OUTLOOK 2015

Kemira will continue to focus on improving its profitability and operative cash
flow. The company will also continue to invest in order to secure future growth
serving selected water intensive industries.

The company's financial targets for 2017 are:
  * revenue EUR 2.7 billion
  * operative EBITDA-% of revenue 15%
  * gearing level <60%.

Kemira expects its capital expenditure-to-sales ratio to increase in the next
few years from the 2014 level of 6.3%. In addition, Kemira expects its medium-
term operative tax rate to be in the range of 22%-25%. This rate excludes non-
recurring items.

The basis for growth is the expanding market for chemicals and  Kemira's
expertise that helps customers in water intensive industries to increase their
water, energy and raw material efficiency. The need to increase operational
efficiency in our customer industries creates opportunities for Kemira to
develop new products and services for both current and new customers. Research
and Development is a critical enabler of organic growth for Kemira, providing
differentiation capabilities in its relevant markets. Kemira will invest in
innovation, technical expertise, and competencies in its selected focus areas.

Outlook for 2015

In 2015, Kemira will focus on profitable growth both organically and
inorganically. Kemira's revenue in 2015 is expected to increase compared to
2014 and operative EBITDA in 2015 to remain approximately at the same level or
increase compared to 2014. The outlook excludes the impact of AkzoNobel paper
chemical business (acquisition expected to close in the first quarter of 2015).
At closing, AkzoNobel paper chemical business is expected to add revenue of more
than EUR 200 million on an annualized basis.

Helsinki, February 9, 2015

Kemira Oyj
Board of Directors

FINANCIAL CALENDAR 2015

Interim Report January-March 2015                             April 24, 2015
Interim Report January-June 2015                               July 22, 2015
Interim Report January-September 2015                      October 23, 2015

Kemira Oyj's Annual Report 2014 will be published during the week starting on
February 23, 2015. The Annual General Meeting is scheduled for Monday, March
23, 2015 at 1.00 pm (CET+1). The Board of Directors of the company will convene
the meeting.

Press and analyst conference and conference call

Kemira will arrange a press conference for analysts and the media starting at
10.30 am (8.30 am UK time) at Kemira House, Porkkalankatu 3, Helsinki. In the
conference, Kemira's President and CEO Jari Rosendal and the CFO Petri Castrén
will present the results. The press conference will be held in English and will
be webcasted at  www.kemira.com/investors. The presentation material will be
available around 10.00 am and the webcast after the event at the above mentioned
company web site.

Conference call in connection to the press and analyst conference

You can also listen to the conference live over the phone and attend the Q&A
session via a conference call. In order to participate in the call, please dial
ten minutes before the conference begins:

FI    +358 9 81710465
SE  +46 8 51999355
UK  +44 20 31940550
US  +1 855 2692605

No PIN code requested.

For more information, please contact

Kemira Oyj
Tero Huovinen, VP, Investor Relations
+358 10 862 1980


Kemira is a global chemicals company serving customers in water-intensive
industries. We provide expertise, application know-how and chemicals that
improve our customers' water, energy and raw material efficiency. Our focus is
on pulp & paper, oil & gas, mining and water treatment. In 2014, Kemira had
annual revenue of EUR 2.1 billion and around 4,250 employees. Kemira shares are
listed on the NASDAQ OMX Helsinki Ltd.
www.kemira.com



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Priedai:

Link to the Financial Statements Bulletin 2014.pdf