Key financial figures
Key financial figures

Financial figures of the K+S Group

Here you will find the most important financial figures of the K+S Group.

K+S key facts¹

The K+S key facts contain an overview of the financial figures for the past five years and an overview of the business figures for the last year.

 

 



    2019 2018 2017 2016 2015
Profit and Loss
Revenues m€ 4,070.7 4,039.1 3,627.0 3,456.6 4,175.5
Earnings before interest, taxes, depreciation, and amortization (EBITDA) 2 m€ 640.4 606.3 576.7  519.1 1,057.5
EBITDA-Margin % 15.7 15.0 15.9  15.0 25.3
Depreciation 3 m€ 431.9 379.1 305.9  289.8 275,9
Group earnings from continued operations, adjusted 4 m€ 77.8 85.4 145.0  130.5 542.3
Earnings per share from continued operations, adjusted 4 0.41 0.45 0.76  0.68 2.83
Cash flow
Operating cash flow m€ 639.8 308.7 306.8  445.4 669.4
Capital expenditure 5 m€ 493.3 443.2 810.8  1,170.8 1,278.8
Adjusted free cash flow m€ 139.7 -206.3 -389.8  -776.8 -635.9
Balance sheet
Balance sheet total m€ 10,592.2 9,966.2 9,754.4  9,645.5 8,273.6
Equity m€ 4,495.1 4,144.1 4,160.7  4,552.2 4,295.6
Equity ratio % 42.4 41.6 42.7  47.2 51.9
Net debt as of Dec. 31 m€ 3,116.6 3.241,5 2.974,1  2.401,1 1.363,6
Debt ratio (Net financial liabilities/EBITDA) 6 x-fold 4.9 5.3 5.2  4.6 1.3
Working capital m€ 1,037.9 1,126.7 968.1  894.6 945.9
Return on Capital Employed (ROCE) % 2.3 2.6 3.2  3.0 12.5
Employees
Employees as of Dec. 31 7 number 14,868 14,931 14,793  14,530 14,383
Average number of employees 7 number 14,693 14,904 14.654  14,446 14,276
Share
Book value per share 23.49 21.65 21.74  23.78 22.44
Dividend per share 8 0.15 0.25 0.35  0.30 1.15
Dividend yield 8 % 1.3 1.6 1.7  1.3 4.9
Closing price as of Dec. 31 XETRA,€ 11.12 15.72 20.76  22.69 23.62
Market capitalization b € 2.1 3.0 4.0  4.3 4.5
Enterprise value as of Dec. 31 b € 6.7 7.4 8.1  7.9 6.9
Average number of shares 9 million 191.40 191.40 191.40  191.40 191.40

1 Unless stated otherwise, information refers to the continued operations of the K+S Group. The discontinued operations of the nitrogen business are included up to 2010. The balance sheet and therefore the key figures working capital, net indebtedness, net financial liabilities/EBITDA and book value per share also include in 2010 the discontinued operations of the COMPO business and in 2011 also the discontinued operations of the nitrogen business.
2 EBITDA is defined as earnings before interest, taxes, depreciation and amortization, adjusted by the depreciation and amortization amount not recognized in profit and loss in the context of own work capitalized, earnings arising from changes in the fair market value of outstanding operating anticipatory hedges, changes in the fair value of operating anticipatory hedges recognized in prior periods. A reconciliation can be found on page 61.
3 Relates to amortization of intangible assets and depreciation of property, plant and equipment, adjusted for depreciation and amortization of own work capitalized recognized directly in equity.

4 The adjusted key figures only include the result from operating forecast hedges of the respective reporting period reported, changes in the fair market value of outstanding operating forecast hedges are eliminated. In addition, related effects on deferred and cash taxes are eliminated; tax rate for 2019: 30.0% (2018: 30.0%).
5 Relates to cash payments for investments in property, plant and equipment and intangible assets, taking claims for reimbursement from claim management into account excluding additions to leases in accordance with IFRS 16. The standard was applied for the first time as of January 1, 2019.
6 From January 1, 2019 contains leasing obligations arising explicitly from finance lease contracts concluded. Prior-year figures are unadjusted.
7 FTE: Full-time equivalents; part-time positions are weighted in accordance with their respective share of working hours.
8 The figure for 2019 corresponds to the dividend proposal; the dividend yield is based on the year-end closing price.
9 Total number of shares less the average number of own shares held by K+S.
In this Annual Report rounding differences may arise in percentages and numbers

    Q1/2019 Q2/2019 Q3/2019 Q4/2019 FY/2019
Revenues by operating unit (million €)1
Operating unit Europe+    691,8 626,8 621,1 596,2 2.535,9
Operating unit Americas   571,2 251,2 282,6 427,2 1.532,2
Reconciliation   0,5 0,5 1,2 0,4 2,6
K+S Group   1.263,5 878,5 904,9 1.023,8 4.070,7
Revenues by customer segments (million €)2
Agriculture   461,0 440,1 425,0 389,5 1.715,6
Industry   281,8 282,5 292,9 290,8 1.148,0
Consumer   119,6 108,5 117,7 138,9 484,7
Communities   400,6 47,0 68,2 204,1 719,9
Reconciliation   0,5 0,5 1,2 0,4 2,6
K+S Group   1.263,5 878,5 904,9 1.023,7

4.070,7

EBITDA by operating unit (million €)
Operating unit Europe+   177,1 128,4 67,3 64,2 437,0
  Margin (%)   25,6 20,5 10,8 10,8 17,2
Operating unit Americas   107,6 13,6 25,3 83,4 230,0
  Margin (%)   18,8 5,4 9,0 19,5 15,0
Reconciliation   -14,8 -12,0 -12,0 12,2 -26,6
K+S Group   269,9 130,1 80,6 159,8 640,4
EBITDA by customer segment (million €)
Agriculture   124,2 95,3 46,1 29,3 294,9
  Margin (%)   26,9 21,7 10,8 7,5 17,2
Industry   58,5 55,8 45,0 58,7 218,0
  Margin (%)   20,8 19,8 15,4 20,2 19,0
Consumer   16,4 9,0 13,9 20,4 59,7
  Marge (%)   13,7 8,3 11,8 14,7 12,3
Communities   85,6 -18,1 -12,2 39,1 94,4
  Margin (%)   21,4 -38,5 -17,9 19,2 13,1
Reconciliation   -14,8 -12,0 -12,0 12,2 -26,6
K+S Group   269,9 130,1 80,6 159,7 640,4
CapEx by operating unit (million €)
Operating unit Europe+    57,8 74,0 125,2 147,2 404,2
Operating unit Americas   14,2 17,3 16,7 33,5 81,7
Reconciliation   0,6 1,8 2,4 2,7 7,5
K+S Group   72,6 93,1 144,3 183,3 493,3

1Segments as defined by IFRS 8.
2No segments as defined by IFRS 8.

1 In € million, rounding differences may arise, the quarterly figures are unaudited and based on voluntary disclosures; they were not covered by the audit of the financial statements.
2 EBITDA is defined as earnings before interest, taxes, depreciation and amortization, adjusted by the depreciation and amortization amount not recognized in profit and loss in the context of own work capitalized, earnings arising from changes in the fair market value of outstanding operating anticipatory hedges, changes in the fair value of operating anticipatory hedges recognized in prior periods. A reconciliation can be found on page 61.


 

Rating

You can find more information in the rating section.

 

Earnings performance

Multi-period overview of the earnings performance¹

Key figures in million € 2019 2018 2017 2016 2015
EBITDA  margin 15.7 15.0 15.9 15.0 25.3
Return on revenues 2
1.9 2.1 4.0 3.8 13.0
Equity return after taxes 2,3 1.8 2.1 3.3 2.9 13.1
Total return on investment 2,3 2.6 2.4 3.1 2.7 10.4
Return on Capital Employed (ROCE) 2.3 2.6 3.2 3.0 12.5

1 Information refers to the continuing operations of the K+S Group.
2 The adjusted key indicators include the gains/(losses) from operating anticipatory hedges in the relevant reporting period, which eliminate the effects of changes in the fair value of the hedges. In addition, related effects on deferred and cash taxes are eliminated; tax rate for 2019: 30.0% (2018: 30.0%).
3 This information refers to continued and discontinued operations of the K+S Group.

Financial position

Multi-period overview of the financial situation

Key figures in million € 2019  2018 2017 2016 2015
Working capital 1,037.9 1,126.7 968.1 894.6 945.9
Cash flow from continued operations 639.8 308.7 306.8 445.4 669.4
Free cash flow 139.8 -204.0 -356.7 -756.0 -106.4
Cash flow from financing activities 11.0 187.3 411.5 769.1 -151.5
Equity ratio (%) 42.4 41.6 42.7 47.2 51.9
Share of long-term provisions in balance sheet total (%) 12.4 12.1 12.0 12.3 12.5
Debt-equity ratio I (%)1 75.6 79.2 72.6 55.7 35.9
Debt-equity ratio II (%)2 101.6 107.2 99.5 78.7 55.9

1 Financial liabilities/equity
2 Net debt/equity

Financial position

Multi-period overview of the financial situation

Key figures in millions € 2019  2018 2017 2016 2015
Property, plant and quipment, intagible assets 8,208.5 7,670.2 7,655.4 7,540.4 6,123.1
Financial assets, long-term securites and other financial investments 113.2 96.1 28.0 34.4 14.1
Inventories 789.3 691.5 690.9 710.4 705.3
Receivables from deliveries and services 724.7 836.7 714.9 656.5 708.6
Cash, and cash equivalents, short-term securites and other financial investments 333.2 178.8 194.0 154.5 163.1
Contact

Your contact person

Janina Rochell
K+S Aktiengesellschaft Investor Relations
Janina Rochell
Investor Relations Manager
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