Brief: K+S Q1 Ebitda At About EUR 200 Mln

K+S AG

30/04/2024 09:22

April 30 (Reuters) - K+S AG  SDFGn.DE :
    * EBITDA AND ADJUSTED FREE CASH FLOW IN THE FIRST QUARTER OF
2024
SIGNIFICANTLY ABOVE MARKET EXPECTATIONS; FORECAST FOR THE FULL
YEAR 2024 UNCHANGED
    * EBITDA OF K+S GROUP IN Q1 OF 2024 IS SIGNIFICANTLY ABOVE
MARKET
EXPECTATIONS AT ABOUT EUR 200 MILLION
    * AT ABOUT EUR 111 MILLION, ADJUSTED FREE CASH FLOW FOR Q1
OF 2024
ALSO SIGNIFICANTLY EXCEEDS MARKET EXPECTATIONS (VARA CONSENSUS
ESTIMATE: EUR 68 MILLION)
    * ALTHOUGH A FULL-YEAR EBITDA AT LOWER END OF STATED RANGE
HAS
BECOME LESS LIKELY WITH GOOD Q1 IT CANNOT BE RULED OUT AT THIS
STAGE DUE TO CONTRACTS NOT YET CONCLUDED WITH MAJOR COMPETITORS
IN CHINA AND INDIA
    * OVERSEAS PRICE LEVEL FOR POTASSIUM CHLORIDE WILL BECOME
MORE
IMPORTANT AGAIN OVER COURSE OF YEAR

Source text for Eikon:  ID:nEQ1cFynca 
Further company coverage:  SDFGn.DE 

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