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Out-of-court settlement with BUND
K+S continues work on tailings pile expansion
Yesterday, the BUND (“Federation for the Environment and Nature Conservation”) regional association in Hesse and K+S reached an out-of-court settlement in the legal dispute concerning the premature start of the tailings pile expansion at the Hattorf site (Werra plant). The Company has therefore meanwhile resumed the preparations for the tailings pile expansion, which were initially interrupted voluntarily.
Ad hoc disclosure
K+S Aktiengesellschaft: Strong increase in EBITDA and Free Cash Flow expected in the 2022 financial year
The K+S Group expects EBITDA for the 2022 financial year to range between EUR 1.6 billion and EUR 1.9 billion (2021: preliminary around EUR 960 million, including approximately EUR 220 million one-off effect from the REKS transaction). This forecast significantly exceeds the current market expectation (Vara 2022 consensus: EUR 1.269 billion). K+S will therefore more than double EBITDA compared to the figure of the previous year (adjusted for the effect from the REKS transaction).
Ad hoc disclosure
K+S Aktiengesellschaft: EBITDA and free cash flow for full year 2021 significantly exceed previous outlook
Based on preliminary earnings figures for the K+S Group financial statements as of December 31, 2021, EBITDA of continuing operations amounts to approximately EUR 960 million (previous outlook 2021: EUR 830 million; Vara consensus: EUR 863 million; both including REKS transaction; previous year: EUR 266.9 million).
K+S finally discontinues injection
New chapter in disposal at the Werra potash plant
In recent years, K+S has significantly reduced the volume of saline wastewater arising from the production of high-quality fertilizers at the Werra plant. At the end of 2021, K+S will finally discontinue injection and break new ground.
Werra-Fulda potash district
Authority grants discharge permit until the end of 2027
By granting the permit under water law today, the Kassel Regional Council has provided further security for the production of mineral fertilizers and high-purity salt products at the K+S Werra and Neuhof-Ellers sites. The previous permit expires at the end of the year.
Closing completed
Merger into REKS joint venture concluded
Today, K+S and REMEX successfully completed the transaction for the new REKS joint venture. The joint venture will operate under the name REKS GmbH & Co. KG.
Environmentally friendly and sustainable mining
K+S commits to EU principles for sustainable raw materials
K+S is committed to complying with the principles for sustainable extraction and processing of raw materials formulated by the EU (“EU principles for sustainable raw materials”). These principles essentially concern social, ecological, and economic aspects as well as sustainable corporate governance.
Press release
Proceedings at the FREP terminated
K+S has notified the German Financial Reporting Enforcement Panel (FREP – “DPR”) in due time of the Company's agreement with the findings of the DPR's examination in accordance with Section 342b (5) of the German Commercial Code (HGB).
Ad hoc disclosure
Joint Venture / Forecast K+S Aktiengesellschaft: German Federal Cartel Office grants clearance for REKS joint venture – one-off gain and cash inflow expected before the end of the 2021 financial year
Today, the German Federal Cartel Office has granted the final approval for the merger of the new REKS joint venture. With this joint venture, K+S and REMEX, a subsidiary of the REMONDIS Group, aim to open up the attractive and rapidly growing European market for the recovery and disposal of waste as well as the realization of sustainable waste management solutions.
German Federal Cartel Office grants clearance
REKS joint venture approved – higher EBITDA expected for 2021
The German Federal Cartel Office has granted the final approval for the merger of the new REKS joint venture. With this joint venture, K+S and REMEX, a subsidiary of the REMONDIS Group, aim to open up the attractive and rapidly growing European market for the recovery and disposal of waste as well as the realization of sustainable waste management solutions.
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