Kemira lowers 2026 operative EBITDA outlook after Iran war-driven cost rises
- Operative EBITDA now expected at EUR 400–500 million for 2026, down from the prior EUR 470–570 million range.
- Revenue guidance remains EUR 2,600–3,000 million for 2026 (2025 revenue: EUR 2,753.5 million).
- Kemira cites raw material and logistics cost increases caused by the prolonged war in Iran and weaker demand in key customer industries as the cause of the downgrade.
- Updated outlook assumes no significant further raw material or logistics cost increases, no major supply or production disruptions, and a steady US dollar.
Updated 2026 outlook
Kemira now expects 2026 revenue of EUR 2,600–3,000 million and operative EBITDA of EUR 400–500 million. For context, Kemira reported 2025 revenue of EUR 2,753.5 million and 2025 operative EBITDA of EUR 524.6 million. The operative EBITDA range was previously EUR 470–570 million (reiterated on April 24, 2026).
Reason for the downgrade and mitigation actions
The downgrade reflects larger-than-expected negative impacts on second-quarter performance from raw material and logistics cost increases attributed to the prolonged war in Iran. Kemira has implemented price increases to mitigate the cost pressure, but their effect has been delayed and smaller than anticipated because demand is weak in the company’s key customer industries.
Assumptions behind the updated outlook
The updated outlook assumes continued weak end-market demand amid global economic uncertainty and geopolitical tensions, no significant further increases in raw material costs (including oil derivatives) or logistics costs, no major disruptions to manufacturing operations or the supply chain, and a steady US dollar. The company’s earlier outlook had assumed it could largely mitigate Iran-related cost increases and anticipated a slightly weaker US dollar, and included acquisitions announced before the 2025 financial statements bulletin.
Source: Kemira
