Key Developments: K&S AG (SDFGn.DE)
30.18EUR
17 Jun 2013
€0.12 (+0.42%)
€29.86
€30.28
€30.62
€30.18
1,240,681
1,629,202
€41.49
€29.72
Latest Key Developments (Source: Significant Developments)
K + S AG Proposes FY 2012 Dividend, Issues FY 2013 Revenue and Operating Profit Guidance
K + S AG announced that its Management Board will propose to the Annual General Meeting the distribution of a dividend of EUR 3.34 per share for the fiscal year 2012, compared to EUR 3.04 in the previous fiscal year. For the fiscal year 2013, The Company expects to report slight increase of revenue and operating profit, compared to the fiscal year 2012. In the fiscal year 2012, K + S AG reported revenue of EUUR 3.9 billion and operating result (EBIT I) of EUR 809 million. Full Article
K + S AG Updates on FY 2012 Revenue and EBIT Guidance
K + S AG announced that it expects to reach fiscal year 2012 revenue of EUR 3.9 billion and EBIT of approximately EUR 820 million. Previously the Company had anticipated fiscal year 2012 revenue of between EUR 3.9 billion and EUR 4.2 billion. According to I/B/E/S Estimates, analysts on average are expecting the Company to report fiscal year 2012 revenue of EUR 4,101.81 million and EBIT of EUR 868.63 million. Full Article
K + S AG Confirms FY 2012 Guidance
K + S AG announced that it has confirmed its outlook for the fiscal year 2012. For the fiscal year 2012 the Company expects revenue of between EUR 3,900.00 million and EUR 4,200.00 million, operating earnings EBIT I of between EUR 820 million and EUR 900 million and EBITDA of between EUR 1,050.00 million and EUR 1,130.00 million. According to I/B/E/S Estimates, analysts on average are expecting the Company to report fiscal year 2012 EBIT of EUR 874.62 million and fiscal year 2012 EBITDA of EUR 1,111.16 million. Full Article
K + S AG Confirms FY 2012 Guidance
K + S AG announced that it confirms its outlook for the fiscal year 2012. Revenues of the K+S Group should reach a figure between EUR 3.9 billion and EUR 4.2 billion (previous fiscal year 2011: EUR 4.0 billion). According to I/B/E/S Estimates, analysts on average are expecting the Company to report EUR 4,399.65 million of revenue in fiscal year 2012. Full Article
K + S AG Sells K+S Nitrogen to EuroChem
K+ S AG and EuroChem announced the completion of the acquisition of K+S Nitrogen by EuroChem. The sale of Company’s nitrogen fertiliser distribution business to EuroChem was approved by the European Union antitrust authority on June 25, 2012. Financial details were not disclosed. Full Article
K + S AG Launches EUR 500 Million Bond
K+ S AG announced that on June 12, 2012 it has launched a bond with a volume of EUR 500 million and with an interest coupon of 3.0 %. The bond has a maturity of ten years and its maturity date is June 20, 2022. Full Article
K + S AG Confirms FY 2012 Guidance
K + S AG announced that it has confirmed its outlook for the fiscal year 2012. In the fiscal year 2012, revenues of the Company should remain stable in comparison to the previous fiscal year 2011. In the fiscal year 2012, operating earnings EBIT of the Company should decrease moderately in comparison to last fiscal year 2011. For the fiscal year 2011 the Company reported revenue of EUR 5,150.90 million and an EBIT of EUR 975.70 million. According to I/B/E/S Estimates, analysts on average are expecting the Company to report fiscal year 2012 revenue of EUR 5,097.99 million and fiscal year 2012 EBIT of EUR 901.49 million. Full Article
K + S AG's Subsidiary Acquires Solne Mlyny a.s.
K + S AG announced that its wholly owned subsidiary european salt company GmbH & Co. KG (esco) has acquired the Czech salt processing company Solne Mlyny a.s. (SMO). The closing of the transaction occurred on January 3, 2011. esco is acquiring SMO from the Czech trading group EQUUS, which has been undergoing insolvency proceedings since mid-2010. SMO is a supplier of salt products in the Czech Republic and also operates in other European markets. The purchase price is in the mid-single-digit million EUR range. Financial details were not disclosed. Full Article
K + S AG to Implement Legacy Project K+S Potash Canada in Canadian Province of Saskatchewan
K + S AG announced that the Supervisory Board of the Company has approved the plan of its Board of Executive Directors to implement the Legacy Project in the Canadian province of Saskatchewan. For this purpose, capital expenditure totalling CAD 3.25 billion (equivalent to approximately EUR 2.4 billion) have been approved. K+S AG had acquired the Canadian exploration and development company Potash One (renamed to K+S Potash Canada), at the beginning of 2011, and has been revising and optimising the existing feasibility study over recent months. A concept was developed, which is optimally consistent with the production and market forecasts of K+S AG and demonstrates positive viability. Initial infrastructure construction works in the areas of water supply, electricity and road development as well as drilling activities have already begun at the site. Through to 2015, K+S AG will develop a potash production based on solution mining in southern Saskatchewan with first quantities of potassium chloride. By 2017 the two million tonne mark shall be reached. This will be followed by the gradual expansion of production capacity to 2.86 million tonnes by 2023. In a further expansion phase, total output of 4 million tonnes of potassium chloride annually would be achieved about ten years later. Full Article
K + S AG Completes Sale of COMPO to Triton
K + S AG announced that it has concluded the sale of COMPO to to the European private equity investor Triton, after the European Union cartel authorities have approved the deal as of September 26, 2011. Financial details were not disclosed. Full Article
UPDATE 1-K+S ups budget for Canada potash project, delays start
* Plans to own, not rent, harbour installations in Vancouver
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