Potash production at the Werra plant secured until at least Christmas despite prolonged drought; full-year guidance confirmed
The negative effect on earnings would amount to a maximum of € 15 million. Nevertheless, K+S confirms its earnings guidance (EBITDA) in the range of € 570 to 630 million. This assumes an average de-icing salt business in December.
From today's perspective, stoppages in potash production at the Werra plant, even in the event of a prolonged drought, are unlikely in the first quarter of 2019 due to the reduction in stocks in the buffer storage ponds.
From early summer 2019 onwards, K+S will most likely be able to increase the on-site temporary storage capacity for saline wastewater by further up to 400,000 m3 to a total of up to 1 million m3.