At a glance
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 figures relate to the continuing and discontinued operations of the K+S Group for the years 2018 to 2020. From 2021 onwards, the information relates to the continuing operations of the K+S Group.
|Profit and Loss|
|Earnings before interest, taxes, depreciation, and amortization (EBITDA) 2||m€||2,422.9||1,067.3||444.8||640.4||606.3|
|Group earnings, adjusted 4||m€||1,494.0||2,221.3||-1,802.5||77.8||85.4|
|Earnings per share, adjusted 4||€||7.81||11.40||-9.42||0.41||0.45|
|Operating cash flow||m€||1,393.7||347.2||428.5||639.8||308.7|
|Capital expenditure 5||m€||403.8||334.3||526.0||493.3||443.2|
|Adjusted free cash flow||m€||932.0||92.7||-42.2||139.7||-206.3|
|Balance sheet total||m€||9,890.0||8,724.3||8,387.4||10,592.2||9,966.2|
|Net financial liabilities (-)/net asset position (+) as of Dec. 31 6||m€||+244.9||-606.3||-3,217.4||-3,116.6||-3,241.5|
|Debt ratio (Net financial liabilities/EBITDA) 6||x-times||- 7||0.6||7.2||4.9||5.3|
|Return on Capital Employed (ROCE)||%||25.7||42.9||-22.8||2.3||2.6|
|Employees as of Dec. 31 8||number||11,097||10,711||14,732||14,868||14,931|
|Average number of employees 8||number||10,881||10,776||14,758||14,693||14,904|
|Book value per share||€||35.1||27.7||11.6||23.5||21.7|
|Dividend per share||€||1,00 10||0.20||-||0.04 9||0.25|
|Dividend yield||%||5.4||1.0||-||1.3 9||1.6|
|Closing price as of Dec. 31||Xetra, €||18.38||15.19||7.79||11.12||15.72|
|Enterprise value as of Dec. 31||b€||4.4||4.7||6.1||6.7||7.4|
|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 2018 to 2020. From 2021 onwards, the information relates to the continuing operations of the K+S Group.
2 EBITDA is defined as earnings before interest, tax, 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 forecast hedges recognized in prior periods.
3 Relates to depreciation and amortization of property, plant, and equipment, intangible assets and investments accounted for using the equity method, 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 forecast hedges for the respective reporting period; effects from changes in the fair value of hedges are eliminated. The effects on deferred and cash taxes are also adjusted; tax rate 2022: 30.2% (2021: 30.2%). In 2020 and 2021, group earnings were significantly affected by impairment losses and reversals of impairment losses of the Potash and Magnesium Products CGU (see 2021 Annual Report from page 192).
5 Relates to cash-effective investments in property, plant, and equipment and intangible assets, taking into account reimbursement claims from subsequent claims management, excluding lease additions in accordance with IFRS 16. The first-time application was effective as of January 1, 2019.
6 Since January 1, 2019, lease liabilities explicitly resulting from finance lease contracts concluded are included.
7 As of December 31, 2022, there are no net financial liabilities.
8 FTE: Full-time equivalents; part-time positions are weighted according to their respective share of working hours.
9 In 2019, the proposed dividend was adjusted from the previous €0.15 to the minimum dividend to maintain eligibility for funding by KfW. In 2022, the figure corresponds to the dividend proposal.
10 The Board of Executive Directors and the Supervisory Board have resolved, in addition to the dividend of €1.00 per share, to buy back shares with an equivalent value of up to around €1 per share resp. up to €200 million in total and subsequently call them in. The buyback began after the Annual General Meeting in May, 2023.
11 Total number of shares less the average number of own shares held by K+S.
12 The year 2021 has been adjusted. See information on changes in accounting policies, restatement of prior-year figures and balance sheet structures in the ‘Notes’ of the 2022 Annual Report on page 185.
Key figures for the Agriculture customer segment
The figures relate to the continuing operations of the K+S Group.
We help farmers secure the world's food supply.
|Revenues||€ million||1,244.2||1,162.8||1,114.6||4,465.6||861.4||557.0 1|
|Sales volumes||million tonnes||1.87||1.56||1.89||7.11||1.73||1.67|
|Revenues by region|
|Revenues Europe||€ million||543.0||372.0||406.8||1,671.6||340.1||231.9|
|Revenues overseas||USD million||746.5||796.3||722,3||2,931.6||559.3||353.9|
|Sales by region|
|Sales Europe||million tonnes||0.84||0.55||0.66||2.81||0.62||0.59|
|Sales overseas||million tonnes||1.03||1.01||1.23||4.30||1.11||1.08|
1 Due to the China closing, necessary subsequent price adjustments unrelated to the accounting period, in particular for China supplies, burdened revenues as well as average prices in the second quarter 2023 by a mid-double-digit million euro amount.
Key figures for the Industry+ customer segment
The figures relate to the continuing operations of the K+S Group.
We offer solutions that keep industries running.
|Sales volumes||million tonnes||1.46||1.68||1.87||6.83||1.79||1.39|
|thereof de-icing||million tonnes||0.31||0.48||0.68||2.08||0.59||0.32|
Our expectation for 2023
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.
|K+S Group||ACTUAL 2022||2023 Forecast in 2022 Annual Report||2023 Forecast in Q1 2023 Report||2023 Forecast in Q2 2023 Report|
|EBITDA1||€ billion||2.4||1.3 to 1.5||1.15 to 1.35 4||0.6 to 0.8 4|
|Capital expenditure 2||€ million||403.8||mid triple-digit
|Group earnings after tax, adjusted, excl. impairment effects 3||€ million||1,494.0||high triple-digit
|Adjusted free cash flow||€ million||932.0||700 to 900||650 to 850||300 to 450|
|ROCE, excl. impairment effects||%||25.7||low double-
to low double-digit
|Average EUR/USD spot rate for remaining months||EUR/USD exchange rate||1.05||1.08||1.08||1.08|
|Sales volumes customer Segment Agriculture||million tonnes||7.1||7.3 to 7.5||7.2 to 7.4||7 to 7.4|
|Full-year average price customer Segment Agriculture||€/t||628||decrease by more
than 20% vs. FY 2022
|moderately to tangibly
above Q2/2023 (334)
|Sales volumes de-icing salt||million tonnes||2.1||a good 2||about 2||about 2|
1 EBITDA is defined as earnings before interest, tax, depreciation, and amortization, adjusted for depreciation and amortization of own work capitalized recognized directly in equity, gains/losses from fair value changes arising from operating anticipatory hedges still outstanding and changes in the fair value of operating anticipatory hedges recognized in prior periods.
2 Relates to cash payments for investments in property, plant, and equipment and intangible assets, excluding lease additions 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 2022: 30.2%.
4 Includes negative valuation effects from mining provisions in the mid double-digit million euro range.