The main elements of the third-quarter results are:
- Improved returns reflecting higher prices
- 8.3% ROIC1, up from 7.9% a year earlier
- 40% ammonia curtailment in
Europe due to natural gas price spike
“Yara delivers solid third quarter results, with EBITDA2 excluding special items up 37%, mainly thanks to improved margins. However, the gas price spike in
"European nitrogen production is essential to global food security, and we are therefore concerned about the impact current European natural gas prices will have, especially for the world’s poorest regions. However, Yara will do its utmost to supply farmers and support global food production. The current situation clearly demonstrates the need for more resilient food supply chains, and I call on authorities, international organizations and food value chain players to work together to secure global food supply,” said Holsether.
Third-quarter operating income was
Yara’s leading food solutions and ammonia positions are well placed to both address and create business opportunities from global challenges, as the twin demands of increased resource efficiency and lower environmental footprint require significant transformations within both agriculture and the hydrogen economy.
Link to report, presentation and webcast 20 October at
https://www.yara.com/investor-relations/latest-quarterly-report/
1) Return on invested capital, for definition and reconciliation of ROIC see APM section in 3Q report page 30
2) For definition and reconciliation of EBITDA excl. special items, see APM section in 3Q report page 29
Note on Alternative performance measures: Alternative performance measures are defined, explained and reconciled to the Financial statements in the APM section of the Quarterly report on pages 29-34.
Contact
Mobile: (+47) 957 04 843
E-mail: silje.nygaard@yara.com
Mobile: (+47) 481 80 451
E-mail: josiane.kremer@yara.com
About Yara
Yara grows knowledge to responsibly feed the world and protect the planet. Supporting our vision of a world without hunger and a planet respected, we pursue a strategy of sustainable value growth, promoting climate-friendly crop nutrition and zero-emission energy solutions. Yara’s ambition is focused on growing a climate positive food future that creates value for our customers, shareholders and society at large and delivers a more sustainable food value chain.
To achieve our ambition, we have taken the lead in developing digital farming tools for precision farming, and work closely with partners throughout the food value chain to improve the efficiency and sustainability of food production. Through our focus on clean ammonia production, we aim to enable the hydrogen economy, driving a green transition of shipping, fertilizer production and other energy intensive industries.
Founded in 1905 to solve the emerging famine in
www.yara.com
This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act
Attachments
- Yara 3Q 2021 Report
- Yara 3Q 2021 Presentation
© OMX, source