K+S lifts 2025 profit outlook (updated)
29/04/2025 10:36
Adds stock move in paragraph 3, results in paragraph 4, peer comparison in paragraph 5, full Q1 results schedule in paragraph 6 April 29 (Reuters) - German potash and salt miner K+S SDFGn.DE raised its full-year operating profit outlook on Tuesday, citing positive developments in the potash market. The firm now expects earnings before interest, tax, depreciation and amortisation (EBITDA) to hit a range of 560 million-640 million euros ($637.95-$729.09 million) from a previously expected range of 500 million-620 million euros. K+S' stock jumped after its results announcement and was trading up 4.62% at 09:28 GMT. The company also reported first quarter results ahead of schedule, posting core earnings of 201 million euros, exceeding analysts' expectations of 174.6 million euros according to a poll by Vara research. K+S' results echo those of Norwegian peer Yara YAR.OL, which reported first-quarter core earnings well above market expectations, driven by higher volumes and improved margins. K+S is scheduled to release full first quarter results on May 13, 2025. ($1 = 0.8778 euros) (Reporting by Tristan Veyet in Gdansk Editing by Madeline Chambers) ((Tristan.Chabba@thomsonreuters.com;))