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K + S AG Comments on FY 2013 and FY 2014 Guidance

Tuesday, 6 Aug 2013 07:30am EDT 

K + S AG announced that it no longer sticks to its previous outlook for the fiscal year 2013 to slightly increase the operating earnings EBIT as compared to the fiscal year 2012 with EUR 804.1 million. It is probable that the expected increase in earnings of the Salt business unit will not be sufficient to compensate for the decrease in earnings of the Potash- and Magnesium Products business unit. Also the prospects stated in the financial report 2012 of a further slight increase in earnings for the fiscal year 2014 are potentially no longer achievable. This is mainly the result of the announcement made by Russian Uralkali that it would exit the BPC sales organization operated jointly with Belarussian Belaruskali and related statements on the part of Uralkali concerning the expansion of output, uncertainty about the future volume- and price development in the market for potash fertilizer has occurred. 

Company Quote

0.18 +0.78%
23 Dec 2014