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Solid Q2 2019
K+S improves revenues, earnings and cash flow
In the second quarter of the current financial year, the K+S Group again achieved increases in the most important key figures. Revenues rose year-on-year by 8 % to € 879 million. Earnings before interest, taxes, depreciation and amortization (EBITDA) improved by 24 % to € 130 million.
Temporary storage for saltwater approved
K+S production becomes more resistant to drought
K+S has once again significantly increased the flexibility in wastewater management at the Werra plant. The operation of a facility for the temporary storage of production wastewater in an abandoned mining field, which has now been permitted by the Kassel Regional Council, increases the total available storage volume alone to about 1 million cubic meters.
Extended maintenance period
Bethune improves product quality
As planned for some time now, K+S will again significantly improve the quality of the potash products manufactured at the new Canadian potash plant in Bethune this year. Therefore, the maintenance period planned for September will be extended to a total of two weeks. During this time, the existing facilities will be supplemented by further components for screening and cooling the products.
New facility has been commissioned at Werra plant
K+S increases capacity for magnesium sulphate anhydrous
With the commissioning of a new facility at the Wintershall site of the Werra plant, K+S is now capable of producing significantly larger quantities of the magnesium sulphate anhydrous specialty product, which is in high demand.
Agreement with the municipality of Gerstungen
Most measures already implemented
The improvement of the drinking water supply of the municipality Gerstungen is well on track. A large part of the agreed measures has already been implemented or commissioned. With the expansion of a storage basin with drinking water treatment, the measures are to be completed in the next year. The action plan is part of the settlement agreement that K+S concluded with the municipality in December 2017.
K+S Brine Challenge
Winners of the crowdsourcing competition are from the USA and Australia
The K+S Brine Challenge focused on exploring innovative approaches and concepts to further significantly reduce the saline wastewater from the tailings piles. Ideas were submitted by scientists, companies, institutes, students as well as non-professionals from 16 countries.
K+S at the Hessentag
Living with potash mining in the Werra region
K+S was extremely positive after this year's Hessentag in Bad Hersfeld: Approximately 15,000 people visited the company's stand to obtain information about the products, the future of potash mining in the Werra-Fulda region and the opportunities for jobs and apprenticeships.
Awards for K+S food grade salt brand
SALDORO wins the German Brand Award 2019
In the category "Excellent Brands - Fast Moving Consumer Goods", the K+S SALDORO food grade salt brand has won the coveted German Brand Award.
Figures for the first quarter of 2019
K+S has a successful start to the financial year
The K+S Group started the current 2019 financial year with significant growth. In the first quarter of the year, revenues rose by 8 % to € 1.3 billion compared to the same period last year. Earnings before interest, taxes, depreciation and amortization (EBITDA) improved by 14 % to € 270 million. The sustained favorable market environment in the Agriculture customer segment contributed significantly to the increase in earnings. Free cash flow reached € 233 million in the first quarter, up 63 % year-on-year.
Liquidity of almost € 1 billion secured
K+S renews syndicated credit facility early
K+S Aktiengesellschaft has secured liquidity totaling € 960 million through the early refinancing of its existing syndicated credit facility. The previous credit line of € 1 billion, which was due to expire in July 2020, was renewed at favorable conditions with a volume of € 800 million. Additionally, a bullet loan in the amount of € 160 million was arranged. In both cases, the contractual term is five years.