K+S Expects Strong Rise In FY22 Earnings

German chemical company K+S AG (SDFG), said on Wednesday that it expects a strong rise in earnings for the fiscal 2022, exceeding current market expectations. This is mainly attributable to higher average prices in the Agriculture customer segment of the firm.

For the fiscal 2022, the chemical firm expects its EBITDA to be in the range of 1.6 billion euros - 1.9 billion euros, higher than the current market expectations of 1.26 billion euros.

"The expected improvement in earnings is mainly attributable to higher average prices in the Agriculture customer segment. These will significantly exceed expected cost increases, particularly for energy, logistics, and materials," the company said in a statement.

In addition, based on capital expenditures of around 400 million euros, adjusted free cash flow is expected to be in the range of 600 million euros and 800 million euros, higher than previous year figure of around 100 million euros.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Shares of Inditex SA were gaining around 6 percent in the morning trading in Spain after the clothing firm that owns Zara reported Wednesday significant growth in its first-quarter profit on higher revenues as well as the absence of a prior year provision. Regarding the second quarter to date, the company said its store and online sales in constant currency between May 1 and June 4 increased 16.. The U.S. Consumer Product Safety Commission or CPSC, along with Golden, Colorado-based Boppy Co., urged consumers to stop using recalled Boppy Newborn Loungers, following reports of more infant deaths. They also asked online marketplaces to stop selling the recalled product. The company in September 2021 had recalled over 3.3 million infant lounging pillows after it was connected with deaths of 8 Apple has unveiled a bunch of new products for its customers including its first spatial computer Vision Pro Headset. The tech major has also introduced iOS 17, 15-inch MacBook Air, iPadOS 17, TvOS 17 For Apple TV, WatchOS 10 For Apple Watch, New Mac Studio, Mac Pro, and M2 Ultra, among others. The Apple Vision Pro features visionOS, the world's first spatial operating system.
Follow RTT