As reported by Reuters, K+S has raised its 2021 core profit outlook for the second time this year, citing higher average prices in the agriculture customer segment and a strong industry business.
The potash producer now expects to report full-year EBITDA of €700-800 million (US$832-951 million). The company, which produces about 11% of the world’s potash had already in May raised the guidance to €500-600 million.
In July, it reported better than expected preliminary 2Q21 core profit, which more than doubled year on year.