Yara International ASA Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
July 19, 2023 at 04:22 am EDT
Share
Yara International ASA reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 3,940 million compared to USD 6,390 million a year ago. Revenue was USD 3,943 million compared to USD 6,453 million a year ago. Net loss was USD 300 million compared to net income of USD 664 million a year ago. Basic loss per share from continuing operations was USD 1.18 compared to basic earnings per share from continuing operations of USD 2.61 a year ago.
For the six months, sales was USD 8,076 million compared to USD 12,317 million a year ago. Revenue was USD 8,104 million compared to USD 12,365 million a year ago. Net loss was USD 196 million compared to net income of USD 1,608 million a year ago. Basic loss per share from continuing operations was USD 0.77 compared to basic earnings per share from continuing operations of USD 6.31 a year ago.
Yara International ASA is a worldwide leader in producing and selling mineral fertilizers. Net sales break down by activity as follows:
- production and sale of mineral fertilizers (78.3%): 22.3 million tons sold in 2023 of simple nitrogenated fertilizers (calcium nitrates, urea, etc.), complex fertilizers (nitrogen- phosphorous- and potassium- based), specialty fertilizers (plant nutrition products, potassium nitrates, etc.), and magnesium- and sulfur-based fertilizers. Net sales are distributed by geographic area between Europe (31.5%), Americas (47.5%), Africa and Asia (21%);
- sale of industrial chemical products (15.7%): 6.4 million tons of nitrogen based chemical products sold (including ammonia, nitric acids, ammonium nitrates) for the automotive, construction, waste treatment, shipping, chemical, mining and animal feed industries;
- production of ammonia (5.1%). The group also develops ammonia trading activity;
- other (0.9%).
At the end of 2023, the group had 26 production sites worldwide.
Net sales are distributed geographically as follows: Europe (33.5%), Brazil (24.1%), Latin America (9.2%), Asia (14.9%), North America (11.7%) and Africa (6.6%).
YARA INTERNATIONAL ASA 
