Kemira GrowHow Oyj STOCK EXCHANGE RELEASE 3.4.2007 at 16:10 CEO Heikki Sirviö comments Kemira GrowHow Oyj's business developments at the General Meeting of Shareholders: Fertilizer demand returned to normal level from last year's unusually low level and sales volumes were about 20 percent higher than during the corresponding period in 2006. Except for the decline in the UK, fertilizer prices have remained at last year's level. Prices in Europe have not followed the world market price increases. The price of natural gas has normalized from last year and was clearly lower than during 2006. One of the reasons for this change is better availability of gas, thanks in part to new gas pipeline infrastructure, which has also stabilized the differences between various market areas. Also gas demand in Europe declined due to the mild winter. The outlook for the year 2007 has not changed and Kemira GrowHow's operating profit for 2007, excluding non-recurring items, is estimated to improve clearly from 2006. Kemira GrowHow's result from the first quarter 2007 will be published 3 May at 9 a.m. Kemira GrowHow Oyj Heikki Sirviö CEO For additional information please contact: Kemira GrowHow Oyj Kaj Friman, Deputy CEO, CFO Tel. +358 50 62 626 Distribution: Helsinki Stock Exchange Media All forecasts and estimates of this release are based on current judgement of the economic environment, and the actual results may differ significantly. Kemira GrowHow Oyj is one of the leading producers of fertilizer and feed phosphates in Europe. Kemira GrowHow develops and markets fertilizers and integrated solutions for crop cultivation, animal feed supplements and chemicals required in various industries. The company has approximately 2,500 employees worldwide and in 2006 net sales were 1.2 billion euros. Kemira GrowHow Oyj is listed on the Helsinki Stock Exchange.
Kemira GrowHow Oyj s General Meeting of Shareholders - CEO Heikki Sirviö s business overview
| Source: Kemira GrowHow Oyj