Key Developments: K&S AG (SDFGn.DE)

SDFGn.DE on Xetra

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Latest Key Developments (Source: Significant Developments)

K + S AG announces K+S Potash Canada and Pacific Coast Terminals Co. Ltd. sign exclusive agreement on potash handling and storage facility
Monday, 14 Apr 2014 08:00pm EDT 

K + S AG:Says Pacific Coast Terminals Co. Ltd. (PCT) and K+S Potash Canada General Partnership (K+S Potash Canada) sign exclusive, long-term contract for handling and storage of potash products from K+S Potash Canada’s Legacy mine site.Under this agreement, parties to construct new potash handling facility at PCT’s bulk handling terminal located in Port Moody, British Columbia.Construction program to include infrastructure, new railcar unloading station, new covered conveyor systems, systems to control dust emissions and new storage warehouse.  Full Article

K + S AG gives FY 2014 outlook
Wednesday, 12 Mar 2014 08:00pm EDT 

K + S AG:Says following conclusion of new contracts between potash producers and China, prices appeared to bottom out at start of FY 2014 and average prices over course of year should be tangibly lower than in preceding year.Says therefore revenues for FY 2014 should be moderately below figure for previous year.Assumes operating earnings EBIT I will be down significantly on figure for previous year.FY 2013 revenues of 3.95 billion euros.FY 2013 EBIT I of 655.9 million euros.FY 2014 revenue estimate 3.618 billion euros - Thomson Reuters I/B/E/S.FY 2014 EBIT estimate 412.35 million euros - Thomson Reuters I/B/E/S.  Full Article

K + S AG to propose FY 2013 dividend
Wednesday, 12 Mar 2014 08:01am EDT 

K + S AG:To propose dividend of 0.25 euro per share for FY 2013 (FY 2012: 1.40 euro per share).This equates to payout of 47.9 million euro.  Full Article

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.  Full Article

K + S AG Proposes FY 2012 Dividend, Issues FY 2013 Revenue and Operating Profit Guidance
Thursday, 14 Mar 2013 02:01am EDT 

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
Tuesday, 13 Nov 2012 01:12am EST 

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
Tuesday, 14 Aug 2012 01:02am EDT 

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 says farmers replenishing fertiliser inventories

PHILIPPSTHAL, Germany, July 3 - Germany's K+S has seen potash prices stabilise as farmers refill inventories that were depleted when the collapse of one of the world's two big cartels for the fertiliser mineral plunged the sector into turmoil last year.

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