Ad-hoc

K+S confirms significant increase of EBITDA for the year 2018, but misses current market expectations

09.08.2018 – 7:57 PM CEST

Release of Insider Information according to section 17 MAR

The K+S Group is now expecting earnings before interests, taxes, depreciation and amortisation (EBITDA) in a range of € 660 – 740 million for the year 2018. This equals unchanged to a significant increase versus the previous year (€ 577 million).

This range misses the current market expectations (Consensus by Vara Research GmbH as of 16 July 2018: € 797 million).

The EBITDA for the second quarter amounted to € 105.1 million (previous year: € 101.9 million). K+S continues to pursue the target of a positive free cash flow in 2019.

The company releases the half-yearly financial report on 14 August 2018.