Log in
E-mail
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
Delayed Quote. Delayed Xetra - 07/30 11:35:16 am
12.095 EUR   -0.74%
07/21K+S : DZ Bank remains Neutral
MD
07/21K+S : UBS reiterates its Neutral rating
MD
07/20K+S : Receives a Buy rating from Baader Bank
MD
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

K+S : terminates KfW loan

05/18/2021 | 04:33am EDT

Press Release

Kassel/Germany, May 18, 2021

Following the Americas sale

K+S terminates KfW loan

K+S has terminated the syndicated credit line of €350 million agreed with the KfW state development bank and other banks in August 2020. At that time, the additional loan was agreed to provide additional financial resources if needed in the wake of the corona pandemic.

"As a result of the completed sale of our U.S. salt business, we have significantly reduced our debt and considerably increased our financial leeway again," says K+S CFO Thorsten Boeckers. "We have therefore now terminated the KfW loan. Fortunately, we have not had to draw on it."

Immediately after the closing of the sale, K+S repaid financial liabilities in the amount of approximately €1 billion. The net proceeds from the transaction of around €2.6 billion will be entirely used to repay liabilities.

"Despite the increased financial leeway, it is important for us to continue to maintain cost discipline at a high level throughout the Company and optimize our cost and capital expenditure structure to prevent us from incurring debt again even at low potash prices", Boeckers continued. The aim is to enable all production sites to generate a positive free cash flow from 2023 at the latest, even in the event of low potash prices and weak demand for de-icing salt due to weather conditions.

K+S Aktiengesellschaft, Bertha-von-Suttner-Str. 7, 34131 Kassel/Germany, www.kpluss.com

Page 2 of the press release " K+S terminates KfW loan", May 18, 2021

About K+S

K+S considers itself a customer-focused, independent supplier of mineral products for the Agriculture, Industry, Consumers, and Communities segments. We enable farmers securing the world's food supply, provide solutions that keep industries running, enrich consumers' daily lives, and ensure safety in winter. From production sites in Europe, North America, as well as through a global distribution network, we serve the ever-increasing demand for mineral products. We strive for sustainability because we are deeply committed to our responsibilities towards people, the environment, communities, and the economy in the regions in which we operate. Learn more about K+S at www.kpluss.com.

Your contact persons

Press:

Investor Relations:

Michael Wudonig

Dirk Neumann

Phone: +49 561 9301-1262

Phone: +49 561 9301-1460

michael.wudonig@k-plus-s.com

d.neumann@k-plus-s.com

K+S Aktiengesellschaft, Bertha-von-Suttner-Str. 7, 34131 Kassel/Germany, www.kpluss.com

Disclaimer

K+S AG published this content on 18 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 May 2021 08:32:01 UTC.


© Publicnow 2021
All news about K+S AG
07/21K+S : DZ Bank remains Neutral
MD
07/21K+S : UBS reiterates its Neutral rating
MD
07/20K+S : Receives a Buy rating from Baader Bank
MD
07/20K+S : Potash producer K+S beats quarterly profit estimates
RE
07/20K+S AKTIENGESELLSCHAFT : EBITDA in Q2/2021 expected to be significantly above pr..
PU
07/20DGAP-ADHOC : K+S Aktiengesellschaft: EBITDA in Q2/2021 expected to be significan..
DJ
07/19K+S : Gets a Buy rating from Kepler Cheuvreux
MD
07/16K+S : Baader Bank reiterates its Buy rating
MD
07/14K+S : UBS remains Neutral
MD
07/12K+S : Buy rating from Baader Bank
MD
More news
Financials
Sales 2021 2 826 M 3 354 M 3 354 M
Net income 2021 407 M 483 M 483 M
Net Debt 2021 1 153 M 1 368 M 1 368 M
P/E ratio 2021 6,72x
Yield 2021 0,37%
Capitalization 2 315 M 2 746 M 2 747 M
EV / Sales 2021 1,23x
EV / Sales 2022 1,15x
Nbr of Employees 10 896
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
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 17
Last Close Price 12,10 €
Average target price 11,63 €
Spread / Average Target -3,85%
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
1st jan.Capi. (M$)
K+S AG55.30%2 746
SOCIEDAD QUÍMICA Y MINERA DE CHILE S.A.-3.24%12 504
THE SCOTTS MIRACLE-GRO COMPANY-11.14%9 857
ICL GROUP LTD43.95%9 363
UPL LIMITED73.31%8 308
PUBLIC JOINT-STOCK COMPANY PHOSAGRO46.92%8 152