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Despite difficult conditions, K+S achieved solid results in the second quarter. Good operating performance and high cost discipline resulted in a significant increase in earnings for the Americas operating unit. As expected, revenues and earnings of the Europe+ operating unit were down year-on-year as a result of lower average prices for potash fertilizers. The corona pandemic burdened K+S EBITDA by a further € 10 million.

From June 16, “Glückauf in the world of White Gold” will once again be the motto at the Merkers Adventure Mine, the popular tourist destination in the Wartburg district. Special hygiene measures and safety precautions have been implemented to protect visitors and employees. The experience of going underground to a depth of up to 800 meters with unique attractions is now possible again.

Dr. Andreas Kreimeyer, graduate biologist, former member of the Board of Executive Directors and Research Executive Director of BASF Aktiengesellschaft, Ludwigshafen (today BASF SE), and Philip Freiherr von dem Bussche, graduate in Business Administration, former Chairman of the Board of Executive Directors of KWS SAAT AG, Einbeck, have been reappointed as members of the Supervisory Board by the Annual General Meeting of K+S Aktiengesellschaft today. Subsequently, Dr. Kreimeyer has been re-elected as Chairman of the Supervisory Board.

The Supervisory Board members of K+S Aktiengesellschaft will each jointly waive 20 percent of their annual remuneration for the 2019 financial year. The total amount of 350,000 euros will be used to benefit charitable purposes in the vicinity of K+S sites.

Dr. Burkhard Lohr, Chairman of the Board of Executive Directors of K+S Aktiengesellschaft, is in domestic quarantine following a positive test result for SARS-CoV-2.

Against the background of the global economic crisis triggered by the corona pandemic, the Board of Executive Directors and the Supervisory Board of K+S Aktiengesellschaft have precautionary decided on 8 May 2020 to adjust the dividend proposal for 2019 to the legal minimum dividend of € 0.04 per share (previous dividend proposal € 0.15 per share).

During the corona pandemic, K+S has been able to ensure the supply of essential products to its customers from the sectors of pharmaceuticals, food production, feed, agriculture and chemicals.

K+S has significantly reduced the injection of saline wastewater into plate dolomite and has saved one million cubic meters since 2018.

Together with local partners, K+S offers the EzyAgric App in Africa, which helps small-scale farmers to improve their harvests thereby raising their standard of living. The first successes are promising, as the story of Nasaka Mary Goreti from Uganda shows.

With the extraction and processing of domestic raw materials, K+S is making an important contribution to the system-relevant basic supply of the population and important key industries in the areas of medicine, pharmaceuticals, food production, feed, and agriculture in the continuing corona crisis.