Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Germany
  4. Xetra
  5. K+S AG
  6. News
  7. Summary
    SDF   DE000KSAG888

K+S AG

(SDF)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

K+S : Potash producer K+S beats quarterly profit estimates

07/20/2021 | 11:43am EDT

July 20 (Reuters) - German potash and salt miner K+S on Tuesday reported better than expected preliminary second-quarter core profit, which more than doubled year on year thanks to higher prices and sales volumes.

The group, which produces potash fertilisers and salts for cooking, animal feed and roads de-icing, reported second-quarter earnings before interest, tax, depreciation and amortisation (EBITDA) up 109% year on year at 110 million euros ($129 million).

The result compared with a analyst expectations for 92.9 million euros, Vara Research data shows.

K+S said the improvement resulted mainly from higher average prices and sales volumes in the agriculture segment and higher sales volumes in its industrial division.

The company, which produces about 11% of the world's potash, an essential nutrient for crops, raised its full-year guidance in May and said there had been good global demand for the mineral.

The company is due to report full second-quarter results on Aug. 12. ($1 = 0.8506 euros) (Reporting by Bartosz Dabrowski in Gdansk Editing by David Goodman)


© Reuters 2021
All news about K+S AG
09/13K+S : S&P Global Ratings Lifts Rating on Germany-based K+S on Potash Market Stre..
MT
09/10K+S : Baader Bank gives a Buy rating
MD
09/06K+S : Gets a Neutral rating from Morgan Stanley
MD
08/20K+S : Gets a Buy rating from Kepler Cheuvreux
MD
08/18K+S : Kepler Cheuvreux maintains a Buy rating
MD
08/17K+S : JP Morgan remains a Sell rating
MD
08/13K+S : Raised to Buy by DZ Bank
MD
08/13K+S : NorldLB remains Neutral
MD
08/13K+S : Deutsche Bank reiterates its Neutral rating
MD
08/13K+S : Berenberg remains a Sell rating
MD
More news
Analyst Recommendations on K+S AG
More recommendations
Financials
Sales 2021 2 960 M 3 471 M 3 471 M
Net income 2021 867 M 1 016 M 1 016 M
Net Debt 2021 1 111 M 1 302 M 1 302 M
P/E ratio 2021 2,67x
Yield 2021 0,87%
Capitalization 2 433 M 2 856 M 2 852 M
EV / Sales 2021 1,20x
EV / Sales 2022 1,11x
Nbr of Employees 10 730
Free-Float 100%
Chart K+S AG
Duration : Period :
K+S AG Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends K+S AG
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 17
Last Close Price 12,71 €
Average target price 12,58 €
Spread / Average Target -1,00%
EPS Revisions
Managers and Directors
Burkhard Lohr Chairman-Executive Board
Thorsten Boeckers Chief Financial Officer
Andreas Kreimeyer Chairman-Supervisory Board
Holger Riemensperger Chief Operating Officer
Philip Freiherr von dem Bussche Independent Member-Supervisory Board
Sector and Competitors