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Agreement with the Hameln Declaration district alliance
K+S and the adjoining communities of the Werra and Weser rivers intensify their joint exchange
K+S and the Hameln Declaration district alliance want to further intensify their joint exchange on reducing salt pollution in the Werra and Weser rivers. The Kassel-based fertilizer and salt producer and the supra-regional association of districts and communities bordering the rivers have signed an agreement in Göttingen to acknowledge the constructive discussions of recent years and further institutionalize them in the future.
One billion tonnes of crude salt extracted from the Hattorf-Wintershall mine
K+S Werra potash plant celebrates outstanding production anniversary
It's an anniversary of a special kind: one billion tonnes of crude salt have been extracted from the Hattorf-Wintershall mine of the K+S Werra potash plant in eastern Hesse since 1903. The billionth tonne was brought to the surface during the midday shift on January 18, 2024. If the total quantity were loaded onto bulk goods railcars, the train would reach around the equator seven and a half times.
Sustainable lighthouse project in the Innopark
K+S and Aquapurna build shrimp farm in Sigmundshall
The largest and most modern indoor shrimp farm in Europe will soon be built at the Sigmundshall site near Hanover. This has been contractually agreed between K+S and the start-up Aquapurna. K+S is investing an amount in the low double-digit million euro range in this sustainable project and is acting as builder, landlord, and media supplier for the new farm. Aquapurna is receiving a further seven-figure investment from private investors.
K+S successfully completes share buyback
K+S has successfully completed the share buyback. Since mid-May 2023, K+S has bought back a total of 12.3 million of its own shares for just under €200 million (ISIN DE000KSAG888) at an average price of around €16 per share. This corresponds to 6.4 percent of the Company's share capital. K+S aims to cancel the bought-back shares by the end of 2023.
Q3 and 9M/2023 figures after record year 2022
Solid third quarter - Outlook for 2023 confirmed
K+S generated revenues of around €881 million in the third quarter of the current year, following a record figure of approximately €1.5 billion in the prior-year quarter. Operating earnings EBITDA reached €72 million (Q3/22: €633 million).
Follow-up Contract with DB Cargo
K+S keeps relying on environmentally friendly rail transportation
DB Cargo will remain the leading logistics provider for K+S for the next ten years. In Potsdam, the two companies signed the follow-up of the existing contract. The contract, which originally only expired in February 2025, was thereby renewed ahead of schedule.
Agreement with environmental association
K+S and BUND agree on further improvements for the Werra and Weser rivers
The discharge of saline water from K+S potash production into the Werra river will gradually decrease by the end of 2027. This is stipulated in the discharge permit issued by the Kassel Regional Council, which has been in force since the beginning of 2022, but against which BUND Hessen has filed a lawsuit and initiated an urgent motion. After intensive negotiations, the Company and the environmental association have now reached an agreement to achieve improvements for the Werra and Weser rivers and bring part of the legal dispute to an amicable end.
K+S Aktiengesellschaft: New Labor Director
Mrs. Christina Daske appointed to the Board of Executive Directors
The Supervisory Board of K+S Aktiengesellschaft has appointed Mrs. Christina Daske as a further member of the Board of Executive Directors of the Company. She will assume her duties as Labor Director on December 1, 2023.
Figures for the second quarter and first half of 2023
Positive impetus for the second half of the year prevails
K+S generated revenues of just under €826 million in the second quarter of the current year, following a record figure of €1.5 billion in the prior-year quarter. EBITDA operating earnings reached €24 million (Q2/2022: €706 million). This was mainly attributable to declining prices in the Agriculture customer segment and lower sales volumes. Subsequent price adjustments not relating to the accounting period, which were necessary following the closing of the China contract, burdened the key figures in this customer segment. Inflation-related additions to provisions for mining obligations amounting to around €18 million also had a negative impact on EBITDA.
Release of an Insider Information in accordance with Sec. 17 MAR
Ad hoc disclosure of July 26, 2023
Adjusted free cash flow in second quarter of 2023 above market expectation; EBITDA below consensus. For the full year 2023, EBITDA is expected be range between EUR 600 million and EUR 800 million (consensus: EUR 810 million)and adjusted freecash flow between EUR 300 million and EUR 450 million (consensus: EUR443 million assumingsame capital expenditure levels).
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