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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.

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.

The German Federal Ministry of Education and Research (BMBF) is funding the NewFoodSystems innovation initiative with a total of up to 20 million euros over a period of five years. K+S has successfully contributed to the formulation of a proposal with its innovation activities and is one of several German industrial partners.

Agreement to purchase up to 90,000 tonnes of potassium sulfate a year possibly starting 2021 Distribution of specialty fertilizer planned in Australia, Asia and Oceania Agreement supports Shaping 2030 Group strategy K+S has entered into an agreement with the Australian company, Kalium Lakes, for the purchase of up to 90,000 tonnes of the specialty fertilizer potassium sulfate (SOP) per year. ...

The K+S Group increased revenues for the 2018 financial year by 11 % to € 4.0 billion (previous year: € 3.6 billion).

At the end of January, the US company MARS and K+S, extended their cooperation in the production of CATSAN® cat litter by a further ten years.

Today, the Lower Saxony State Authority for Mining, Energy and Geology (LBEG) has issued the permit for a possible resumption of the potash production at the Siegfried-Giesen site (district of Hildesheim). The potash deposit there has a high content of valuable nutrients and is particularly suitable for the production of fertilizer specialties.

On November 6, 2018, the Government Commission German Corporate Governance Code published proposals for amendments to the Code. The Board of Executive Directors and the Supervisory Board of K+S are critical of the amendments and issued a joint statement on the proposed amendments to the Code yesterday.

K+S does not expect any more wastewater-related interruptions at the three sites of the Werra plant in the first quarter of 2019. The precipitation over the past few weeks has significantly increased the water level of the Werra river again. As a result, the load on the local retention basins has been relieved to a greater extent. As of December 27 last year, production restarted as planned.

The K+S Brine Challenge is already a great success: a total of 44 ideas from 16 countries were submitted by the deadline last Wednesday. Among the contributors were scientists, companies, institutes, students and non-professionals from all over the world.