Yara reports third-quarter highlights

“Yara is delivering all-time high production performance and strong premiums this quarter, a testament to our operations and the value of our core business,” said Svein Tore Holsether, President and Chief Executive Officer.

Sustainable profitability in core operations and value-accretive growth opportunities are both critical to enable a fit-for-future Yara. While Yara has successfully navigated recent volatility by focusing on operational continuity, recent returns have been below satisfactory levels. Yara is therefore taking action to improve profitability, including a stricter prioritization towards core operations and high-return assets, while scaling back non-core and lower-return activities. This includes performing an asset portfolio review with the aim to prioritise and optimise its portfolio to ensure a fit-for-future asset base.

“Returns are improving, and I am confident that we will succeed with the necessary changes to ensure sustainable profitability and increase shareholder returns through our sharpened focus on our core operations and value-accretive growth, ” said Holsether.

Read the article online at: https://www.worldfertilizer.com/project-news/25102024/yara-reports-third-quarter-highlights/