logo
Plus   Neg
Share
Email

K+S Group Q2 EBITDA Rises - Quick Facts

K+S Group (SDFG) reported that its earnings before interest, taxes, depreciation and amortization or EBITDA for the second quarter improved by 24% to 130 million euros from last year. The good price environment for fertilizers as well as higher production volumes at the Werra and Bethune plants made a significant contribution to this.

Revenues rose year-on-year by 8% to 879 million euros.

The company reported a 15% increase in revenue to 440 million euros in the Agriculture customer segment and an improvement of EBITDA by almost half to 95 million euros, reflecting higher prices and higher sales volumes.

For 2019, K+S now expects EBITDA to be between 730 million euros and 830 million euros, compared to the prior outlook of 700 million euros - 850 million euros.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Chinese electronics giant Huawei on Thursday launched its latest flagship smartphone range the Mate 30. Huawei unveiled the Huawei Mate 30 and Mate 30 Pro at an event in Munich. The new phones boasts of professional-grade cameras that competes directly with Apple's new iPhone 11 and iPhone 11 Pro... Schwartz Brothers Bakery of Seattle, Washington recalled 24 units of lemon dessert bars as it may contain undeclared egg. The products have a sell by date of September 21, 2019. The company issued the recall after it found that some of the Lemon Pound Cake was mislabeled as Lemon Dessert Bars. While the Lemon Pound Cake contains egg, the Lemon Dessert Bars label does not declare egg. Tesla has earned the highest safety award from the Insurance Institute for Highway Safety or IIHS for the first time. The luxury electric car maker's Model 3 midsize luxury sedan won the IIHS's Top Safety Pick+ award. The Model 3 is the second plug-in vehicle with no gas engine to earn the Top Safety Pick+ award after Audi's e-tron SUV.
Follow RTT