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K+S says FY'18 EBITDA to jump YOY but miss market expectations

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K+S says FY'18 EBITDA to jump YOY but miss market expectations

K+S AG expects EBITDA to grow to between €660 million and €740 million for the full year, compared to the 2017 EBITDA of €577 million.

In the Aug. 9 release, the company noted that the guidance range misses the current market expectations of €797 million. EBITDA for the second quarter will come in at €105.1 million, compared to €101.9 million in the year-ago quarter.

Meanwhile, K+S is targeting a positive free cash flow in 2019. Half-year results for the company will be released Aug. 14.