Kemira reported Q1 revenue of €677.3 million, a 4% YoY decline and below the €682.5 million analyst estimate.
Operating EBITDA fell 13% to €117.7 million, yielding a 17.3% margin, reflecting price pressure and adverse currency effects.
Shares dropped about 8.1% on the day, briefly reaching a 7.4% decline before partially recovering.
Kemira announced change negotiations targeting up to 150 global job cuts and annual savings of roughly €15 million.