K+S Aktiengesellschaft: EBIT I in second quarter 2016 significantly below previous year

27.06.2016 – 10:20 AM CEST
Release of Insider Information according to section 17 MAR
On the basis of preliminary figures, EBIT I for the K+S Group results to around € 10 million in the second quarter 2016 (Q2/15: € 179.2 million).

Reasons for the deviation are a significantly lower average selling price in the potash and magnesium products business unit (Q2/15: € 310 per ton) and unexpectedly high production outages due to the limited deep-well injection permit for liquid residues at the Werra plant. In the business unit Salt lower pre-buying sales for de-icing products led to a significant volume decline primarily in North America.

The Company will release the complete half-yearly financial report on August 11th, 2016.

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Michael Wudonig
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