K+S’ Long-Term Strategy Once Again Features Ambitious Targets That Are Unlikely to be Achieved
K+S revealed its new long-term strategy that envisions EBITDA growing from under EUR 600 million in 2016 to EUR 3 billion by 2030. Shares were down over 7% as we write, as the market reacted negatively to the new long-term plan that featured no major strategic moves other than a segment reorganization. Based on lack of detail in the long-term plans, we see little reason to believe K+S will be able to generate its EUR 3 billion EBITDA target and will struggle to generate even half. Although we as...K+S is engaged in the chemical sector. Co. has three business segments. The Potash and Magnesium Products segment combines the production and marketing of potash fertilizers and fertilizer specialities as well as potash and magnesium compounds for technical, industrial and pharmaceutical applications. The Salt segment encompasses the production and marketing of food grade salt, industrial salt and salt for chemical use, de-icing salt and sodium chloride brine. The Complementary Activities segment bundles together recycling activities and waste disposal or reutilisation in potash and rock salt mines as well as catsan® granulation.
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