Here you will find the most important financial facts about our company. These include our key financial figures, the outlook for the current business year, and the key figures for agriculture and industry+ customer segments.
K+S key facts¹
The K+S key facts contain an overview of the financial figures for the past five years. The figures relate to the continuing and discontinued operations of the K+S Group, unless otherwise indicated.
| 2021 | 2020 | 2019 | 2018 | 2017 | ||
|---|---|---|---|---|---|---|
| Profit and Loss | ||||||
| Revenues | m€ | 3,213.1 | 3,698.4 | 4,070.7 | 4,039.1 | 3,627.0 |
| Earnings before interest, taxes, depreciation, and amortization (EBITDA) 2 | m€ | 969.1 | 444.8 | 640.4 | 606.3 | 576.7 |
| EBITDA-Margin | % | 30.2 | 12.0 | 15.7 | 15.0 | 15.9 |
| Depreciation 3 | m€ | 292.5 | 404.9 | 431.9 | 379.1 | 305.9 |
| Group earnings, adjusted 4 | m€ | 2,221.3 | -1,802.5 | 77.8 | 85.4 | 145.0 |
| Earnings per share, adjusted 4 | € | 11.61 | -9.42 | 0.41 | 0.45 | 0.76 |
| Cash flow | ||||||
| Operating cash flow | m€ | 347.2 | 428.5 | 639.8 | 308.7 | 306.8 |
| Capital expenditure 5 | m€ | 334.3 | 526.0 | 493.3 | 443.2 | 810.8 |
| Adjusted free cash flow | m€ | 92.7 | -42.2 | 139.7 | -206.3 | -389.8 |
| Balance sheet | ||||||
| Balance sheet total | m€ | 8,736.2 | 8,387.4 | 10,592.2 | 9,966.2 | 9,754.4 |
| Equity | m€ | 5,297.4 | 2,222.6 | 4,495.1 | 4,144.1 | 4,160.7 |
| Equity ratio | % | 60.6 | 26.5 | 42.4 | 41.6 | 42.7 |
| Net debt as of Dec. 31 6 | m€ | 606.3 | 3,217.4 | 3,116.6 | 3,241.5 | 2,974.1 |
| Debt ratio (Net financial liabilities/EBITDA) 6 | x-times | 0.6 | 7.2 | 4.9 | 5.3 | 5.2 |
| Working capital | m€ | 647.4 | 747.4 | 1,037.9 | 1,126.7 | 968.1 |
| Return on Capital Employed (ROCE) | % | 41.3 | -22.8 | 2.3 | 2.6 | 3.2 |
| Employees | ||||||
| Employees as of Dec. 31 7 | number | 10,711 | 14,732 | 14,868 | 14,931 | 14,793 |
| Average number of employees 7 | number | 10,776 | 14,758 | 14,693 | 14,904 | 14.654 |
| Share | ||||||
| Book value per share | € | 27.7 | 11.6 | 23.5 | 21.7 | 21.7 |
| Dividend per share 8 | € | 0.20 | 0.00 | 0.04 | 0.25 | 0.35 |
| Dividend yield 8 | % | 1.0 | 0.0 | 1.3 | 1.6 | 1.7 |
| Closing price as of Dec. 31 | XETRA,€ | 15.19 | 7.79 | 11.12 | 15.72 | 20.76 |
| Market capitalization | b € | 2.9 | 1.5 | 2.1 | 3.0 | 4.0 |
| Enterprise value as of Dec. 31 | b € | 4.7 | 6.1 | 6.7 | 7.4 | 8.1 |
| Average number of shares 9 | million | 191.40 | 191.40 | 191.40 | 191.40 | 191.40 |
1 The figures relate to the continuing and discontinued operations of the K+S Group for the years 2012 to 2020. For the For the year 2021, the figures relate to the continuing operations of the K+S Group.
2 EBITDA is defined as earnings before interest, taxes, depreciation, and amortization, adjusted for the amount of depreciation and amortization recognized directly in equity relating to own work capitalized, the result of
changes in the fair value of operating forecast hedges still outstanding, and changes in the fair value of operating anticipatory hedges recognized in prior periods. A reconciliation can be found on page 52 of the Annual Report 2021.
3 Relates to depreciation and amortization of property, plant, and equipment and intangible assets, adjusted for the amount of depreciation and amortization recognized directly in equity relating to own work capitalized.
4 The adjusted key figures include the result from operating anticipatory hedging transactions in the respective reporting period; effects from changes in the fair value of hedging transactions are eliminated. The effects
on deferred and cash taxes are also adjusted; tax rate 2021: 30.2% (2020: 30.1%).
5 Relates to cash-effective investments in property, plant, and equipment and intangible assets, taking into account reimbursement claims arising from claims management, excluding lease additions in accordance with IFRS 16. The first-time application was effective as of January 01, 2019.
6 As of January 1, 2019, includes lease liabilities explicitly resulting from finance lease contracts concluded.
7 FTE: Full-time equivalents; part-time positions are weighted according to their respective share of working hours.
8 In 2019, the proposed dividend was adjusted from the previous €0.15 to the minimum dividend to maintain eligibility for funding by KfW. In 2021, the figure corresponds to the dividend proposal.
9 Total number of shares less the average number of treasury shares held by K+S.
Key figures for the Agriculture business segment
The figures relate to the continuing operations of the K+S Group.
We help farmers secure the world's food supply.
| Q3/2021 | Q4/2021 | FY/2021 | Q1/2022 | Q2/2022 | Q3/2022 | ||
|---|---|---|---|---|---|---|---|
| Revenues | € million | 529.1 | 800.3 | 2,272.1 | 944.1 | 1,244.2 | 1,162.8 |
| Sales volumes | million tonnes | 1.76 | 1.96 | 7.62 | 1.79 | 1.87 | 1.56 |
| Revenues by region | |||||||
| Revenues Europe | € million | 200.5 | 302.9 | 956.1 | 349.9 | 543.0 | 372.0 |
| Revenues overseas | USD million | 387.4 | 568.7 | 1,546.7 | 666.5 | 746.5 | 796.3 |
| Sales by region | |||||||
| Sales Europe | million tonnes | 0.69 | 0.80 | 3.23 | 0.76 | 0.84 | 0.55 |
| Sales overseas | million tonnes | 1.07 | 1.16 | 4.39 | 1.03 | 1.03 | 1.01 |
Key figures for the Industry+ business segment
The figures relate to the continuing operations of the K+S Group.
We offer solutions that keep industries running.
| Q3/2021 | Q4/2021 | FY/2021 | Q1/2022 | Q2/2022 | Q3/2022 | ||
|---|---|---|---|---|---|---|---|
| Revenues | € million | 217.2 | 269.1 | 941.0 | 268.2 | 265.7 | 307.1 |
| Sales volumes | million tonnes | 1.73 | 2.22 | 7.91 | 1.83 | 1.47 | 1.68 |
| thereof de-icing | million tonnes | 0.65 | 0.89 | 3.18 | 0.61 | 0.31 | 0.48 |
Our outlook for 2022
Development of forecasts for the whole year: Expected earnings development, financial position and planned capital expenditure of the continuing operations of the K+S Group.
| ACTUAL 2021 | Forecast in 2021 Annual Report | Forecast Q1/2022 | Forecast Q2/2022 | Forecast Q3/2022 | ||
|---|---|---|---|---|---|---|
| K+S Group | ||||||
| EBITDA1 | € million | 969; thereof 219 REKS (one-off) |
1,600 to 1,900 |
2,300 to 2,600 excl. gas shortage |
2,300 to 2,600 incl. gas shortage |
about 2,400 excl. gas shortage |
| Capital expenditure2 | € million | 334.3 | ~ 400 | a good 400 | a good 400 | about 400 |
| Group earnings after tax, adjusted, excl. impairment effects3 | € million | 525.0 | strong increase | strong increase | strong increase |
strong increase |
| Adjusted free cash flow | € million | 92.7 | 600 to 800 | 1,000 to 1,2004 excl. gas shortage |
1,000 to 1,2004 incl. gas shortage |
a good 1,2005 excl. gas shortage |
| ROCE, excl. impairment effects | % | 11.2 | strong increase | strong increase | strong increase |
strong increase |
| Average EUR/USD spot rate | EUR/USD exchange rate for remaining months |
1.18 | 1.16 | 1.16 | 1.05 | 1.02 |
| Sales volumes customer Segment Agriculture | million tonnes | 7.6 | a good 7.7 | a good 7.7 | around 7.5 | around 7.2 |
| Full-year average price customer Segment Agriculture | €/t | 298 | strong increase compared to FY 2021 |
strong increase compared to FY 2021 |
strong increase compared to FY 2021; H2 moderately above Q2/2022 (664) |
strong increase compared to FY 2021; slightly below 9M/2022 (641) |
| Sales volumes de-icing salt | million tonnes | 3.2 | a good 2.0 | just under 2.0 | a good 2.0 | a good 2.0 |
1 EBITDA is defined as earnings before income taxes, interest, depreciation and amortization, adjusted for the amount of depreciation and amortization recognized directly in equity in connection with own work capitalized, the result of fluctuations in the fair value of operating forecast hedges still outstanding, and changes in the fair value of realized operating forecast hedges recognized in prior periods.
2 Relates to cash payments for investments in property, plant, and equipment and intangible assets, excluding leases in accordance with IFRS 16.
3 The adjusted key figures include the gains/losses from operating forecast hedges for the respective reporting period; effects from fluctuations in the fair value of hedges are eliminated. The effects on defered and cash taxes are also adjusted; tax rate 2021: 30.2%.
4 Taking into account the one-off effect from the almost full repayment of factoring and the purchase of CO2 certificates totaling around €230 million, the expected adjusted free cash flow should range between €770 million and €970 million.
5 Taking into account the one-off effect from the almost full repayment of factoring and the purchase of CO2 certificates totaling around €230 million, the expected adjusted free cash flow should be about €1 billion (previous forecast: €770 million to €970 million).
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