K+S has reported an increase in revenue of more than 9% to € 812 million in 2Q18.
Growth was driven by higher sales volumes from the ramp up of the new Bethune potash plant in Canada and higher prices for potassium chloride and fertilizer specialties.
EBITDA also improved by 27% yr/yr for the Potash and Magnesium Products business unit. Higher prices and higher sales from increased production in Canada had a positive impact. Amongst others, this was offset by a still limited production in Germany.
“We are continuing to work hard implementing our new corporate ‘Shaping 2030’ strategy, without losing sight of our operations” says K+S CEO Dr. Burkhard Lohr. “With 'Shaping 2030', we will lead K+S into a sustainable, successful future.”
Read the article online at: https://www.worldfertilizer.com/special-reports/30082018/ks-group-increases-revenue-and-operating-results/