trending Market Intelligence /marketintelligence/en/news-insights/trending/dO7KVuNiqc76pgULmhnFng2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Potash producer K+S swings to Q2'19 profit on higher prices, output

Mining Exploration Insights December

Mining Exploration Insights: Dip in gold drilling weighs on results

Mining Exploration Insights: Is the exploration sector back on recovery?

State of the Market: Mining Q2-2019


Potash producer K+S swings to Q2'19 profit on higher prices, output

K+S AG recorded a net profit of €13.9 million, or 7 cents per share, for the second quarter, swinging year over year from a loss of €31.9 million, or 17 cents per share.

The German-based potash producer said a good fertilizer price environment coupled with higher production volumes at the Werra operation in Germany and the Bethune operation in Saskatchewan were main factors in its results.

Revenue grew 8.2% year over year to €878.5 million, while EBITDA rose 23.8% to €130.1 million.

K+S revised its full-year EBITDA guidance to a range of €730 million to €830 million, increasing from the previous target of €700 million to €850 million.

The increase reflects anticipated exchange rates between the euro and the U.S. dollar, which the company expects to offset the impact of an extended maintenance shutdown at Bethune and uncertainty brought by China's import ban on potassium chloride.