Press Releases
Press Releases

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Bond buy-back successfully completed

K+S has completed the buy-back of the outstanding bonds maturing in 2024 (ISIN: XS1854830889) as planned. The Company is therefore reducing its financial liabilities by a further €116.4 million.

Ad hoc disclosure
Public tender offer to buy back outstanding 2024 bond

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Business performance in the third quarter and as of September
Further strong increase in revenues, earnings, and cash flow

K+S almost doubled its revenues in the third quarter to €1.47 billion. At €633 million, EBITDA more than quintupled compared to the prior-year quarter. Higher average prices in the Agriculture customer segment and for industrial products containing potash more than offset lower sales volumes in both customer segments as well as increased costs for energy, materials, and freight.

Innovative ways in extraction and production
K+S sets up Werra plant for the future

K+S is taking a major step in the strategic optimization of its existing business and the further reduction of the environmental footprint of domestic potash production. The extensive “Werra 2060” project strengthens competitiveness and extends the life of the Werra plant with increased and more stable production in the long term. It secures jobs and value creation in the region in the long term and ensures that K+S can continue to supply its customers with future-oriented products.

Enhancing soil

By storing CO2 in the soil, experts hope to combat climate change. Yet transparent measurement methods and standards are still lacking to determine the efficiency of carbon farming measures. A newly founded initiative aims to remedy this situation. With significant financial support and content-related assistance from the Landwirtschaftliche Rentenbank, K+S Aktiengesellschaft and Klim, an Agritech company, have launched a DIN standardization process for carbon storage in soil - DIN SPEC 3609. At an event on August 2, 2022, under the leadership of the German Institute for Standardization (DIN), 17 German companies, associations as well as scientific institutions agreed to the business plan for the formation of a corresponding consortium.

Q2 and H1 2022 figures
Strong increase in revenues and earnings

K+S more than doubled revenues to € 1.5 billion in the past second quarter, while EBITDA also rose strongly year-on-year to €706 million. Significantly higher average prices in both customer segments more than compensated for higher costs. In the first half of the year, revenues amounted to €2.7 billion and EBITDA to €1.2 billion.

Tailings pile covering at the K+S Werra plant starts in Hattorf
The white mountains of the Werra Valley turn green

K+S begins covering its tailings piles at the Werra potash plant in Hattorf and Wintershall. Initially, with the start of construction on the tailings pile top in Hattorf, the focus is on the plateau covers, with the side covers to follow later. In the long term, the white mountains of the Werra Valley will become green and the environment will be sustainably relieved.

Letter of Intent with Cinis Fertilizer
K+S intends to gain access to potassium sulfate in Scandinavia

K+S has signed a letter of intent with the Swedish company Cinis Fertilizer on future cooperation in the synthetic production of potassium sulfate (SOP). Under the planned agreement, K+S intends to supply Cinis Fertilizer with its entire potassium chloride (MOP) requirements. In return, K+S could purchase up to 600,000 tonnes of potassium sulfate (SOP) per year from Cinis.

Q1/2022 figures
Successful start to the new financial year

K+S made a very good start to the current year. Revenues in the first quarter rose by 65% to €1.2 billion compared with the same period last year. EBITDA operating earnings more than quadrupled to €524 million. Higher average prices in both customer segments and positive currency effects more than offset lower volumes and increased costs for energy, logistics, and materials.

Project for the treatment of saline water
K+S participates in water recovery project

The fertilizer and mining company K+S, based in Kassel (Germany), considers itself a pioneer of environmentally friendly mining. The company is now also participating in a joint project to test a new process for treating saline water and recovering dissolved minerals.