Brief: Cinis Ships Potassium Sulfate To Van Iperen International, Sees Positive Cash Flow In October

Cinis Fertilizer AB

30/10/2024 15:48

Oct 30 (Reuters) - Cinis Fertilizer AB  CINIS.ST :
    * SHIPS ADDITIONAL VESSEL WITH POTASSIUM SULFATE TO VAN IPEREN INTERNATIONAL
    * WILL ACHIEVE POSITIVE CASH FLOW FROM OPERATIONAL ACTIVITIES IN OCTOBER
    * SHIPMENT AMOUNTS TO APPROXIMATELY 3,000 TONS
    * PLANS TO INCREASE PRODUCTION RATE TO ABOUT 75,000 TONS PER YEAR TO GRADUALLY INCREASE
TOWARDS
FULL PRODUCTION PACE OF 100,000 TONS PER YEAR IN THE BEGINNING OF 2025
    * AT CURRENT PRICES 75,000 ANNUAL TONS WOULD TRANSLATE TO TURNOVER OF ABOUT SEK 90 MILLION
IN Q4
WITH POSITIVE EBITDA MARGIN
    * IF CURRENT MARKET CONDITIONS REMAIN, EXPECTS TO BE ABLE TO ACHIEVE EBITDA MARGIN EXCEEDING
20%
IN 2025, DESPITE TEMPORARILY HIGHER COSTS FOR SODIUM SULFATE THAT NORTHVOLT'S
DELAYS HAVE CAUSED

Source text:  ID:nWkrb3Y7wQ 
Further company coverage:  CINIS.ST 

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