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OCP Group releases preliminary results for 2018

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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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