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Yara International ASA (YAR.OL)

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Latest Key Developments (Source: Significant Developments)

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 issues bonds of NOK 3.25 bln and SEK 1.25 bln​
Friday, 1 Dec 2017 12:53am EST 

Dec 1 (Reuters) - Yara International Asa ::YARA INTERNATIONAL ASA HAS TODAY SUCCESSFULLY ISSUED SENIOR UNSECURED BOND ISSUES IN TOTAL OF NOK 3,250 MILLION AND SEK 1,250 MILLION.THE NET PROCEEDS WILL BE USED FOR GENERAL CORPORATE PURPOSES."WITH SOLID INVESTOR INTEREST ACROSS THE NORDICS, WE ARE ESPECIALLY PLEASED TO SEE THE STRONG DEMAND IN THE LONGER TENORS, FURTHER ESTABLISHING YARA IN THE NORDIC CREDIT MARKETS. WE ARE ALSO PLEASED WITH A WELL-EXECUTED PLACEMENT AND HAVING ACHIEVED COMPETITIVE TERMS REFLECTING YARA'S STRONG CREDIT POSITION", SAYS TORGEIR KVIDAL, CFO AT YARA INTERNATIONAL ASA.DANSKE BANK, DNB MARKETS AND SEB HAVE ACTED AS JOINT LEAD MANAGERS FOR THE BOND ISSUES.​.  Full Article

Yara to sign mining agreement for Ethiopian Dallol potash mine
Tuesday, 7 Nov 2017 02:30am EST 

Nov 7 (Reuters) - Yara International Asa :Yara will sign a mining agreement with the Ethiopian.authorities, making possible the future development of the Yara Dallol potash mine..Dallol mine will have a production capacity of approximately 600,000 tonnes of SOP per year, equivalent to approximately ten per cent of global market​.‍Products will be mined using solution mining, meaning there will be no open pit at site​.‍Yara Dallol is a 51.8 per cent Yara International owned company​.‍Other owners are Liberty Metals and Mining Holdings (25 per cent) and XLR Capital (23.2 per cent)​.‍A final investment decision is expected towards end of 2018​.‍Total capital expenditure frame for project has yet to be finalized​.‍Amount has been reduced from previously estimated USD 740 million​.  Full Article

BRIEF-Fertiliser maker Yara ‍completes acquisition of digital farming platform ATC
Monday, 6 Nov 2017 02:00am EST 

Fixes typo in headline:Yara acquires leading crop nutrition recommendation platform to strengthen digital farming offering.‍completed acquisition of agronomic technology corp (atc), which operates adapt-n, a leading nitrogen recommendation platform in us that improves farmer profitability and agricultural sustainability.The value for the deal was not disclosed​.  Full Article

Yara's Q3 net result misses forecast
Thursday, 19 Oct 2017 02:00am EDT 

Oct 19 (Reuters) - Yara International Asa :Q3 net result nok 709‍​ million (Reuters poll nok 853 million).Q3 ebitda ex special items nok 2,728‍​ million (Reuters poll nok 2.78 billion).Q3 revenues nok 23,769‍​ million (Reuters poll nok 23.89 billion).Yara reports strong production performance but lower commodity fertilizer margins.‍global farm margin outlook and incentives for fertilizer application remains supportive overall​.‍spot energy costs for next two quarters are expected to be approximately nok 430 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 210 million has been realized as of q3 2017​.‍saw strong order-taking during quarter, triggered by tighter situation globally for nitrogen, and as a result yara enters q4 with a longer nitrate order book than normal​.‍yara enters q4 with a longer nitrate order book than normal. Time lag between market prices and realized prices on yara's fourth-quarter deliveries is expected to be approximately 3 months​.‍time lag between market prices and realized prices on yara's fourth-quarter deliveries is expected to be approximately 3 months​.‍yara reports a strong production performance for quarter, with several production records and yara improvement program delivering ahead of schedule​.  Full Article

BRIEF-Yara's Q3 net result misses forecast
Thursday, 19 Oct 2017 02:00am EDT 

Repeats to attach to additional alerts:Q3 net result nok 709‍​ million (Reuters poll nok 853 million).Q3 ebitda ex special items nok 2,728‍​ million (Reuters poll nok 2.78 billion).Q3 revenues nok 23,769‍​ million (Reuters poll nok 23.89 billion).Yara reports strong production performance but lower commodity fertilizer margins.‍global farm margin outlook and incentives for fertilizer application remains supportive overall​.‍spot energy costs for next two quarters are expected to be approximately nok 430 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 210 million has been realized as of q3 2017​.‍saw strong order-taking during quarter, triggered by tighter situation globally for nitrogen, and as a result yara enters q4 with a longer nitrate order book than normal​.‍yara enters q4 with a longer nitrate order book than normal. Time lag between market prices and realized prices on yara's fourth-quarter deliveries is expected to be approximately 3 months​.‍time lag between market prices and realized prices on yara's fourth-quarter deliveries is expected to be approximately 3 months​.‍yara reports a strong production performance for quarter, with several production records and yara improvement program delivering ahead of schedule​.  Full Article

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Norway's Hydro drops plan to buy Rio Tinto assets

Norway's Hydro said on Friday it had dropped plans to buy several of Rio Tinto's assets, including an aluminum plant in Iceland, after approval from European Commission regulators took longer than anticipated.