Kemira Oyj's third-quarter operative EBIT (earnings before interest and taxes) decreased by 4%, to €40.8 million (US$56.7 million), according to the company's latest financial report.
Raw material prices stabilized during the quarter, but the company saw a substantial increase in raw material prices in the first nine months of 2011, according to the company. "So far, we have been successful in offsetting higher costs with sales prices," said Harri Kerminen, president and CEO. "The visibility for upcoming quarters is not as clear as when compared to the first half of 2011. However, outlook for the full year 2011 revenue and operative EBIT remains unchanged. Kemira's revenue is expected to be slightly higher and operative EBIT higher than in 2010.
Kemira will continue to focus on improving profitability and reinforcing positive cash flow, according to the company. It will also do investments to secure the future growth in the water treatment business.
