Germany's K+S Q1 revenue slightly misses estimates

K+S AG

11/05/2026 06:09

Overview

Germany fertilizer and salt producer's Q1 revenue rose yr/yr but slightly missed analyst expectations

Q1 EBITDA increased, supported by strong de-icing salt sales and higher potash prices

Company raised 2026 EBITDA forecast on positive price trend and strong Q1 performance

Outlook

K+S raises 2026 EBITDA forecast to €630 mln-€730 mln from €600 mln-€700 mln

Company expects 2026 adjusted free cash flow to remain at least break-even

Result Drivers

DE-ICING SALT DEMAND - Strong weather-driven demand for de-icing salt significantly increased sales volumes in the Industry+ segment

HIGHER POTASH PRICES - Average selling price in the Agriculture segment continued to rise, supporting revenue growth

COST DISCIPLINE - Management said a high level of cost discipline contributed positively to results

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Slight Miss*
EUR 1.06 bln
EUR 1.07 bln (3 Analysts)
Q1 Adjusted Free Cash Flow
EUR 87 mln
Q1 EBITDA
EUR 279 mln


*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 4 "strong buy" or "buy", 5 "hold" and 9 "sell" or "strong sell"

The average consensus recommendation for the agricultural chemicals peer group is "buy."

Wall Street's median 12-month price target for K+S AG is €14.50, about 5.8% below its May 8 closing price of €15.40

The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 15 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)