Norwegian fertilizer manufacturer Yara reports a better-than-expected interim report for the first quarter on all counts.

Revenue rose 9.5% to $3,648 million (3,332), compared to the company's analyst consensus of 3,464.

The ebitda result was 566 million dollars (435), expected 500, with an ebitda margin of 15.5 percent (13.1).

Adjusted ebitda profit amounted to USD 638 million (435), expected 518, with an adjusted ebitda margin of 17.5 percent (13.1). The improvement was due to increased shipments, better margins and lower fixed costs. Total shipments were 7 percent higher than in the same quarter last year, mainly driven by Europe and Brazil.

Operating profit was 308 million dollars (166), expected operating profit was 281. Operating margin was 8.4 percent (5.0).

Profit before tax was 384 million dollars, analyst consensus 174.

Profit after tax was 295 million dollars (16), analyst consensus 133.

Earnings per share amounted to USD 1.15 (0.07).

Yara, USD millionQ1-2025 ConsensusChange vs consensusQ1-2024 Change from consensus
Net turnover 3 648 3 464 5,3% 3 332 9,5%
Ebitda 566 500 13,2% 435 30,1%
Ebitda margin 15,5% 14,4% 13,1%
Adjusted ebitda 638 518 23,2% 435 46,7%
Adjusted ebitda margin 17,5% 15,0% 13,1%
Operating profit/loss 308 281 9,6% 166 85,5%
Operating margin 8,4% 8,1% 5,0%
Profit before tax 384 174 120,7%
Net result 295 133 121,8% 16 1 743,8%
Earnings per share, USD 1,15 0,07 1 542,9%
Consensus data from the company