Parent company’s financial performance
As of January 1, 2011, Kemira Oyj has acted as a principal for the European business operations. In this business model, Kemira Oyj purchases raw material and sells products to customers in Europe. Kemira Oyj’s revenue decreased to EUR 1,356.0 million (1,365.3) in 2012. The EBIT decreased to EUR -38.2 million (86.7). EBIT decreased mainly due to the charges related to the Fit for Growth restructuring program and decline in other operating income.
The parent company’s net financial expenses were EUR 86.9 million (90.5). Net profit totaled EUR 68.7 million (245.6). Capital expenditure totaled EUR 13.4 million (216.9), excluding investments in subsidiaries.