Jan 22, 2014. /Lesprom Network/. Kemira Oyj has lowered its operative EBIT guidance for the 4Q 2013. Kemira's operative EBIT (excluding non-recurring items) was previously expected to be between Euro 42-50 million in the 4Q 2013. Kemira's updated guidance now indicates that operative EBIT is expected to be between Euro 34-35 million in the 4Q 2013, as the company said in the press release received by Lesprom Network.

Main reasons for the lowered operative EBIT guidance for the 4Q 2013 are as follows:

- Lower-than-expected contribution from 3F. Kemira closed the acquisition and started consolidation of 3F on October 1, 2013.

- Higher-than-expected fixed and inventory related costs, especially in the South America region.

- Increased pension fund related accruals and other pension costs in the EMEA region, mainly due to the ongoing relocation of certain business units.

Revenue guidance for 2013 remains as previously communicated. Kemira expects revenue in local currencies, excluding divestments to be slightly higher than in 2012.

Kemira is a global chemicals company serving customers in water-intensive industries. Its focus is on pulp & paper, oil & gas, mining and water treatment.