The products and services provided by K+S are indispensable for supplying the population in the areas of medicine, pharmaceuticals, food production, agriculture and animal feed. We also contribute to an efficient waste management industry by utilizing our underground caverns.
Bond buy-back successfully completed
K+S has completed the buy-back of the outstanding bonds maturing in 2024 (ISIN: XS1854830889) as planned. The Company is therefore reducing its financial liabilities by a further €116.4 million.
Further strong increase in revenues, earnings, and cash flow
K+S almost doubled its revenues in the third quarter to €1.47 billion. At €633 million, EBITDA more than quintupled compared to the prior-year quarter. Higher average prices in the Agriculture customer segment and for industrial products containing potash more than offset lower sales volumes in both customer segments as well as increased costs for energy, materials, and freight.
Video interview with CEO Dr. Burkhard Lohr
In the interview, K+S CEO Burkhard Lohr describes the development in the third quarter of 2022. He also talks about the energy crisis effects and explains the forecast for the year as a whole.
K+S sets up Werra plant for the future
K+S is taking a major step in the strategic optimization of its existing business and the further reduction of the environmental footprint of domestic potash production. The extensive “Werra 2060” project strengthens competitiveness and extends the life of the Werra plant with increased and more stable production in the long term. It secures jobs and value creation in the region in the long term and ensures that K+S can continue to supply its customers with future-oriented products.
Video interview with CEO Dr. Burkhard Lohr
In an interview, Burkhard Lohr, Chairman of the K+S Executive Board, explains the planning for the conversion of the Werra site. K+S will become more competitive and also significantly reduces the site’s environmental impact.
Focus on four business segments
K+S's business is focused on four segments: Agriculture, Industry, Consumers, and Communities. In all areas, the same principle applies: The customer is at the center of our actions.
We care
We strive for sustainability, because we acknowledge our responsibility to the people, the environment, the communities, and the economy in the regions in which we operate.
