K+S AG : Q2 EBITDA in line on good European potash/specialties fertilisers; EBITDA outlook midpoint of € 575m confirmed (cons € 585m); confirmed FCF outlook
>Q2 EBITDA of € 128m fully in-line with consensus/ODDO of € 129m vs € 200m in Q1 2024 - Q2 2024 EBITDA seasonally dropped 36% q-o-q to € 128m compared to € 200m in Q1 2024 and fully in line with our and the consensus forecast of € 129m. Seasonal sequential decline in reported Ag volumes excluding trading activities in LatAm to 1.84mt (Q1 2024: 1.97mt, Q2 2023: 1.63mt) was less pronounced than expected (1.8m t). Adverse mix and q-o-q lower MOP prices reduced Ag ASP to ...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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