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OCP Group releases preliminary results for 2018

Published by
World Fertilizer,

The OCP Group yesterday reported preliminary results for the full year ended December 31, 2018.

Revenues for 2018 reached US$5.95 billion, up from 2017’s US$5.0 billion. Revenue growth was driven by higher phosphate pricing thanks to steady demand and increased raw material costs.

Full year 2018 EBITDA reached US$1.82 billion, significantly ahead of the US$1.31 billion reported in 2017.

The company will release its full 4Q18 and annual 2018 results on 25 March 2019.

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