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Yara reports 1Q21 results

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World Fertilizer,

Yara has reported a net income in 1Q21 of US$14 million (US$0.05 per share) compared with US$-119 million (US$-0.43 per share) a year earlier.

“Yara delivers its eleventh consecutive quarter with improved capital returns, with EBITDA excluding special items up 16%, and continued growth in premium sales. The Yara organisation continues to perform well in a demanding environment,” said Svein Tore Holsether, President and CEO of Yara.

“Our cash flow also continued to improve, with US$2.7 billion of free cash flow generated over the last four quarters. We will consider further cash returns in the coming quarters, in line with Yara’s capital allocation policy,” said Holsether.

1Q21 operating income was US$322 million, compared with US$248 million a year earlier. Earnings per share excluding currency effects and special items was US$0.80, compared with US$0.39 per share in 1Q20. EBITDA excluding special items was US$585 million, compared with US$504 million a year earlier.

Read the latest issue of World Fertilizer in full for free: April 2021

The April issue of World Fertilizer begins with a regional report that examines the opportunities and challenges currently facing Latin America’s fertilizer industry. The remainder of the issue is dedicated to a range of technical articles covering ammonia, blending and bagging, plant design, fertilizer cargo measurement and fertilizer storage. Our World Review of fertilizer projects in Africa and the Middle East, Asia Pacific, Europe and CIS and the Americas rounds off the issue.

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