K&S AG (SDFGn.DE)
15 Aug 2014
|Market Cap (Mil.):||€4,654.85|
|Shares Outstanding (Mil.):||191.40|
* Q2 adj EBIT 157.3 mln euros vs Rtrs poll avg 103 mln euros
FRANKFURT, Aug 14 - Operating profit at German potash miner K+S declined 3.3 percent as lower prices of the fertiliser mineral were partly offset by an insurance payment for an accident at one of its mines.
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.
* CEO says sees signs of prices bottoming out (Adds industry background, peers' recent earnings, details on salt unit)
Shares in German potash miner K+S fall 6 percent to a three-week low at the bottom of German blue-chip index DAX due to a disappointing outlook, traders say.
* Sticks to new Legacy mine in Canada on long-term growth
* Cuts dividend to 0.25 eur/shr amid uncertain potash market
Earnings vs. Estimates
Analyst Research Reports
K+S - Finlabo Research Equity Report: Fundamental and Technical Analysis and 6 months performance forecast
Provider: Finlabo SIM Spa
K&S AG: Business description, financial summary, 3yr and interim financials, key statistics/ratios and historical ratio analysis.
Provider: Reuters Investment Profile
Provider: Sadif Analytics (Premium)
Provider: Thomson Reuters StreetEvents
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