K+S falls as it cuts 2024 EBITDA guidance

K+S AG

14/11/2024 07:20

** German potash and salt miner K+S'  SDFGn.DE  stock falls
2.3% in early Frankfurt trade following the firm's cut to its FY
EBITDA gudiance
    ** K+S expects FY EBITDA of around 540 million euros
($569.32 million), at the lower end of its previously announced
530-620 million euros range
    ** "FY24 adj. EBITDA outlook EUR 540mn with Q4 implied c.
EUR 15 mln below consensus," Jefferies notes
    ** YTD, K+S' stock is down by roughly a quarter


($1 = 0.9485 euros)

 (Reporting by Tristan Veyet in Gdansk)
 ((Tristan.chabba@thomsonreuters.com))