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Yara International ASA (YAR.OL)

YAR.OL on Oslo Stock Exchange

413.40NOK
19 Jun 2019
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Latest Key Developments (Source: Significant Developments)

Yara Q1 EBITDA Ex. Items $464 Mln, Roughly In Line With Estimates
Friday, 26 Apr 2019 02:00am EDT 

April 26 (Reuters) - Yara International ASA ::NEAR-TERM FOCUS IS ON IMPROVING RETURNS THROUGH STRICT CAPITAL DISCIPLINE AND DRIVING OPERATIONAL EXCELLENCE.YARA Q1 NET RESULT $96 MILLION (REUTERS POLL $166 MILLION).PLANS TO LAUNCH UPDATED AND INCREASED TARGETS AT ITS CAPITAL MARKETS DAY ON 26 JUNE.YARA Q1 EBITDA EX SPECIAL ITEMS $464 MILLION (REUTERS POLL $469 MILLION).HAS IDENTIFIED FURTHER EARNINGS IMPROVEMENT POTENTIAL.YARA Q1 REVENUES $3,014 MILLION (REUTERS POLL $3.08 BILLION).PRODUCTION PERFORMANCE IN QUARTER WAS UNSATISFACTORY, WITH TECHNICAL ISSUES AFTER TURNAROUNDS IN THREE OF OUR LARGEST PLANTS.ALTHOUGH PRODUCTION IMPROVED TOWARDS END OF QUARTER, THESE ISSUES IMPACTED OUR OVERALL RESULTS AND IMPROVEMENT PROGRAM PERFORMANCE IN QUARTER.WE REMAIN FOCUSED ON IMPROVING RETURNS THROUGH STRICT CAPITAL DISCIPLINE AND DRIVING OPERATIONAL EXCELLENCE.SPOT-PRICED GAS COSTS FOR SECOND AND THIRD QUARTER 2019 ARE EXPECTED TO BE USD 100 MILLION LOWER THAN A YEAR EARLIER IN BOTH QUARTERS.INVESTMENTS PEAKED IN 2018, WITH REVENUES RAMPING UP IN 2019 AS GROWTH PROJECTS COME ON STREAM AND FURTHER OPERATIONAL IMPROVEMENTS ARE REALIZED.IS CURRENTLY EVALUATING STRATEGIC OPTIONS FOR ITS ENVIRONMENTAL SOLUTIONS BUSINESS.THE GLOBAL UREA SUPPLY-DEMAND BALANCE LOOKS SET TO TIGHTEN LONGER TERM, AS NITROGEN SUPPLY GROWTH IS FORECAST TO DECLINE GOING FORWARD, AND LEAD TIMES FOR NEW PROJECTS ARE TYPICALLY THREE TO FIVE YEARS.  Full Article

BRIEF-Yara CFO bought 1,600 shares
Friday, 15 Feb 2019 08:53am EST 

Fixes typo in headline:YARA EVP AND CHIEF FINANCIAL OFFICER LARS RØSÆG PURCHASED 1,600 SHARES TODAY AT A PRICE OF NOK 337.82 PER SHARE.  Full Article

Yara Q4 core profit in line with forecast
Friday, 8 Feb 2019 02:00am EST 

Feb 8 (Reuters) - Yara International ASA ::YARA Q4 EBITDA EX SPECIAL ITEMS $424 MILLION (REUTERS POLL $422 MILLION).YARA Q4 NET RESULT $157 MILLION (REUTERS POLL $143 MILLION).YARA'S BOARD OF DIRECTORS WILL PROPOSE TO ANNUAL GENERAL MEETING A DIVIDEND PAYMENT OF NOK 6.50 PER SHARE FOR 2018.YARA IMPROVEMENT PROGRAM IS ON TRACK TO REACH AT LEAST USD 500 MILLION OF ANNUAL EBITDA IMPROVEMENT BY 2020, OF WHICH USD 355 MILLION HAS BEEN REALIZED AS OF Q4 2018.YARA HAS IDENTIFIED ADDITIONAL IMPROVEMENT POTENTIAL AND PLANS TO EXPAND BOTH SCOPE AND TIMEFRAME OF PROGRAM DURING FIRST HALF 2019.GLOBAL UREA SUPPLY-DEMAND BALANCE LOOKS SET TO REMAIN POSITIVE LONGER TERM, AS NITROGEN SUPPLY GROWTH IS FORECAST TO DECLINE FROM 2019.ALSO, DEMAND GROWTH IS LIKELY TO PICK UP SINCE INCREASED GRAIN PRODUCTION IS NEEDED TO KEEP PACE WITH CONSUMPTION AND GLOBAL GRAIN STOCKS ARE RELATIVELY LOW, PARTICULARLY EXCLUDING CHINA.FOLLOWING A PERIOD OF HEAVY INVESTMENTS, OUR FOCUS IN 2019 IS ON RAMPING UP OUR CURRENT GROWTH PROJECTS, CONTINUED OPERATIONAL IMPROVEMENT AND MAINTAINING STRONG CAPITAL DISCIPLINE.THE BOARD INTENDS TO PROPOSE TO THE ANNUAL GENERAL MEETING A NEW BUY-BACK PROGRAM ALONG THE LINES OF THE PREVIOUS ONE.BASED ON CURRENT FORWARD MARKETS FOR NATURAL GAS (18 JANUARY) YARA’S SPOT-PRICED GAS COSTS FOR FIRST AND SECOND QUARTER 2019 ARE EXPECTED TO BE RESPECTIVELY USD 20 MILLION HIGHER AND USD 10 MILLION LOWER THAN A YEAR EARLIER.  Full Article

Yara to simplify its operating model
Tuesday, 11 Dec 2018 02:00am EST 

Dec 11 (Reuters) - Yara International ASA ::YARA SIMPLIFIES OPERATING MODEL.YARA'S ACTIVITIES WILL BE STRUCTURED WITHIN THREE SEGMENTS, EFFECTIVE 1 JANUARY 2019: SALES&MARKETING, PRODUCTION AND NEW BUSINESS.THE SALES&MARKETING TO INCLUDE BUSINESS UNITS OF THE FORMER INDUSTRIAL SEGMENT.THE NEW BUSINESS SEGMENT TO INCLUDE A SEPARATE UNIT FOR AUTONOMOUS LOGISTICS OPERATIONS.YARA IS CURRENTLY UNDERTAKING A PROCESS TO EVALUATE STRATEGIC OPTIONS FOR ENVIRONMENTAL SOLUTIONS BUSINESS.  Full Article

Yara Q3 profit lags forecast amid high gas costs
Thursday, 18 Oct 2018 02:07am EDT 

Oct 18 (Reuters) - Yara International ASA ::YARA Q3 EBITDA EX SPECIAL ITEMS $402 MILLION (REUTERS POLL $458 MILLION).YARA Q3 NET RESULT $98 MILLION (REUTERS POLL $158 MILLION).WHILE EUROPEAN GAS PRICES LOOK SET TO STAY HIGH THROUGH THIS WINTER, MARKET BALANCE LOOKS POSITIVE LONGER TERM.SPOT-PRICED GAS COSTS FOR NEXT TWO QUARTERS ARE EXPECTED TO BE APPROXIMATELY USD 225 MILLION HIGHER THAN A YEAR EARLIER.IMPROVEMENT PROGRAM IS ON TRACK TO REACH AT LEAST USD 500 MILLION OF ANNUAL EBITDA IMPROVEMENT BY 2020, OF WHICH USD 330 MILLION HAS BEEN REALIZED AS OF Q3 2018.GLOBAL UREA SUPPLY-DEMAND BALANCE LOOKS SET TO REMAIN POSITIVE LONGER TERM, AS NITROGEN SUPPLY GROWTH IS FORECAST TO DECLINE AFTER 2018.DEMAND GROWTH IS LIKELY TO PICK UP COMPARED WITH LAST 3 YEARS, AS GLOBAL GRAIN STOCKS ARE RELATIVELY LOW, PARTICULARLY EXCLUDING CHINA, AND INCREASED PRODUCTION IS NEEDED TO KEEP PACE WITH CONSUMPTION.TOTAL Q3 FERTILIZER DELIVERIES WERE 9% HIGHER COMPARED TO A YEAR EARLIER.MARGINS WERE HIGHER THAN A YEAR AGO, PRIMARILY DRIVEN BY IMPROVED PRODUCTION MARGINS IN YARA'S NITROPHOSPHATE NPK PLANTS.  Full Article

Yara Evaluates Strategic Options For Marine Technology Business
Monday, 24 Sep 2018 05:50pm EDT 

Sept 24 (Reuters) - :YARA INTERNATIONAL ASA- YMT SALES ARE SET TO REACH AROUND NOK 700 MILLION IN 2018, AND ARE EXPECTED TO MORE THAN DOUBLE FROM 2018 TO 2019.YARA EVALUATES STRATEGIC OPTIONS FOR MARINE TECHNOLOGY BUSINESS.SAYS YARA INTERNATIONAL ASA IS EVALUATING STRATEGIC OPTIONS FOR YARA MARINE TECHNOLOGIES BUSINESS, INCLUDING A POTENTIAL SALE.YARA IS CURRENTLY EVALUATING DIFFERENT OPTIONS FOR YMT, AND NO DECISIONS HAVE YET BEEN MADE REGARDING ITS FUTURE OWNERSHIP.WILL CONTINUE TO EVALUATE BOTH ACQUISITION AND DIVESTMENT OPPORTUNITIES.  Full Article

‍Yara appoints new CFO in management reshuffle
Wednesday, 21 Mar 2018 06:32am EDT 

March 21 (Reuters) - Yara International Asa ::‍YARA INTERNATIONAL ASA ANNOUNCES ORGANIZATIONAL AND MANAGEMENT CHANGES WITH IMMEDIATE EFFECT​.‍NOW TIME TO SIMPLIFY OUR ORGANIZATION, TO BE EVEN MORE AGILE AND RESPONSIVE IN A TIME MARKED BY BOTH BIG CHALLENGES AND IMMENSE OPPORTUNITIES​.‍PETTER ØSTBØ WILL TAKE UP POSITION OF EVP AND CHIEF FINANCIAL OFFICER (CFO). ØSTBØ CURRENTLY SERVES AS EVP PRODUCTION​.‍TORGEIR KVIDAL WILL TAKE UP POSITION OF HEAD OF MINING OPERATIONS, REPORTING TO EVP PRODUCTION​.‍TOVE ANDERSEN WILL TAKE UP POSITION OF EVP PRODUCTION. ANDERSEN CURRENTLY SERVES AS EVP SUPPLY CHAIN​.‍PABLO BARRERA LOPEZ, CURRENTLY COUNTRY MANAGER YARA CHILE, WILL TAKE UP POSITION OF EVP SUPPLY CHAIN​.‍CORPORATE INNOVATION WILL BE MOVED TO INDUSTRIAL AND REPORT TO EVP INDUSTRIAL, YVES BONTE​.‍CONSEQUENTLY, PIERRE HERBEN WILL NO LONGER BE PART OF EXECUTIVE MANAGEMENT TEAM​.‍ALVIN ROSVOLL WILL CONTINUE TO BE RESPONSIBLE FOR OUR PARTNER OPERATIONS AND WILL FROM NOW ON REPORT TO EVP PEOPLE & GLOBAL FUNCTIONS, LENE TROLLNES​.  Full Article

Norsk Hydro in $345 mln bid for Rio Tinto aluminium plant in Iceland
Monday, 26 Feb 2018 03:00am EST 

Feb 26 (Reuters) - Norsk Hydro Asa ::HYDRO WITH BINDING OFFER TO ACQUIRE ICELANDIC ALUMINIUM PLANT ISAL.‍BINDING OFFER TO ACQUIRE RIO TINTO'S 100% SHARE OF ICELANDIC ALUMINIUM PLANT ISAL​.‍OFFER ALSO INCLUDES DUTCH ANODE FACILITY ALUCHEMIE AND SWEDISH ALUMINIUM FLUORIDE PLANT ALUFLUOR​.HYDRO - ‍BINDING OFFER TO ACQUIRE RIO TINTO'S ICELANDIC ALUMINIUM PLANT RIO TINTO ICELAND LTD ("ISAL"), ITS 53% SHARE IN DUTCH ANODE FACILITY ALUMINIUM & CHEMIE ROTTERDAM, AND 50% OF SHARES IN SWEDISH ALUMINIUM FLUORIDE PLANT ALUFLUOR AB FOR USD 345 MILLION​.‍TRANSACTION IS EXPECTED TO BE FINALIZED IN Q2 OF 2018​.‍WITH ISAL'S 210,000 MT OF ALUMINIUM BASED ON RENEWABLE POWER, HYDRO INCREASES ITS TOTAL CAPACITY IN PRIMARY ALUMINIUM PRODUCTION TO 2.4 MILLION MT IN 2018​.‍TRANSACTION REINFORCES HYDRO'S STRATEGIC DIRECTION OF BEING A FULLY INTEGRATED ALUMINIUM COMPANY​.  Full Article

Yara to change reporting currency to U.S. dollars from NOK
Thursday, 8 Feb 2018 12:43am EST 

Feb 8 (Reuters) - Yara International Asa YAR.OL::WILL CHANGE TO USD AS REPORTING CURRENCY AS OF FIRST QUARTER 2018 VS NORWEGIAN CROWNS NOW‍​.YARA SAYS IMPROVEMENT PLAN WAS $90 MILLION AHEAD OF TARGET FOR 2017, RAISES 2018 TARGET BY $50 MLN‍​.YARA SAYS CURRENT PROFITABILITY IS NEGATIVELY IMPACTED BY THE SUPPLY DRIVEN COMMODITY FERTILIZER MARKETS AND YARA’S HIGH ONGOING INVESTMENT ACTIVITY IN GROWTH PROJECTS WHERE MOST WILL START TO GENERATE EARNINGS DURING 2018.YARA SEES 2018 CAPEX NOK 17.9 BILLION VERSUS NOK 11.1 BILLION IN 2017.YARA SAYS AS A RESULT OF THE INCREASED PACE OF IMPROVEMENT PROGRAMME, IT HAS SEEN AN INCREASE IN ONE-OFF COST; INCREASES ESTIMATE OF THE TOTAL ONE-OFF COST FROM $80 MILLION TO $125 MILLION.  Full Article

Yara cuts 2017 dividend, maintains dividend policy
Thursday, 8 Feb 2018 12:00am EST 

Feb 8 (Reuters) - Yara International Asa YAR.OL::THE BOARD BELIEVES YARA’S LONG-TERM POLICY OF DISTRIBUTING 40-45% OF NET INCOME REMAINS APPROPRIATE, GIVEN ITS CURRENT MARKET OUTLOOK AND EXPECTED PIPELINE OF FUTURE GROWTH OPPORTUNITIES.IN 2017 IN PROPOSES A DIVIDEND OF NOK 6.50 PER SHARE, DOWN FROM NOK 10 PER SHARE IN 2016 AND BELOW FORECAST OF NOK 8.53 PER SHARE.2017 EPS WAS NOK 14.45 VS NOK 23.25 IN 2016.  Full Article

Yara eyes higher profit potential as Q1 meets forecast

OSLO, April 26 Yara International, one of the world's largest fertiliser makers, will lay out later this year plans to boost profit, it said on Friday while reporting first-quarter earnings in line with forecasts.