K+S AG : Final Q1 confirm strong prelim Q1-EBITDA on strong European specialties business; € 500-650m (css € 562m) outlook confirmed already at prelims
>Final Q1 EBITDA of € 200m confirm preliminary results vs. € 162m in Q4 23 - K+S already reported preliminary Q1 results on 30 April, beating consensus EBITDA expectations by 21% with €200m compared to €165m at consensus, also confirming €500-650m (cons € 562m) EBITDA outlook range back then. Final Q1 24 EBITDA gained 23% q/q to € 200m compared to € 162m in Q4 23, despite sequentially stable Ag volumes of 2mt and stable Ag ASP of € 336/t, i.e. positive mix at European...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.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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