K+S releases 1Q18 results
Published by David Rowlands,
Editor
World Fertilizer,
In addition to this, the company claims its EBITDA has increased by over 12%, reaching €237 million. Furthermore, the company reports that: adjusted free cash flow was significantly higher and the net debt/EBITDA ratio reduced further; implementation of the new ‘Shaping 2030’ group strategy is proceeding according to plan; and a significant increase in EBITDA is expected.
The company claims that its increased EBITDA was helped especially by deliveries from the new potash mine in Bethune, Canada, as well as by higher market prices for potassium chloride.
The CEO of K+S, Burkhard Lohr, said: “All in all, we witnessed a solid quarter. We remain confident for the remainder of the year. Operating earnings are expected to increase significantly compared with the previous year.”
Read the article online at: https://www.worldfertilizer.com/potash/22052018/ks-releases-1q18-results/
You might also like
Europe green deal: more organic fertilizers and fewer chemical fertilizers
The trend is set: the European Green Deal, part of the umbrella Programme Next Generation, the European Union (EU) has set the way to a net-zero Europe by 2050.