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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.
Innovation program receives millions in government funds
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 with Kalium Lakes
K+S secures access to potassium sulfate in Australia
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. ...
After higher revenues and EBITDA in 2018
K+S expects significant increase in earnings for 2019
The K+S Group increased revenues for the 2018 financial year by 11 % to € 4.0 billion (previous year: € 3.6 billion).
Higher CATSAN® Production in Bad Salzdetfurth
MARS and K+S are continuing their successful cooperation
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.
Hard Salt Plant Siegfried-Giesen
Final planning approval issued
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.
Planned Reform of the German Corporate Governance Code
Board of Executive Directors and Supervisory Board of K+S are critical of amendments
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.
Potash production at Werra plant without restrictions in Q1/19
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.