K+S AG : Q3 EBITDA 11% above css; EBITDA outlook moved to low-end of around € 540m (€ 575m), -2% vs. css of € 550m; confirmed FCF break-even. Mixed
>Seasonally low Q3 EBITDA of €66m was 11% above consensus of € 59m vs. € 128m in Q2 24 - Q3 24 EBITDA seasonally dropped 49% q/q to € 66m compared to € 128m in Q2 24 and 11% above consensus forecast of € 59m. Typical Q3 maintenance costs weighed while revenues of € 866m were almost flat q/q at € 866m. Seasonal sequential decline in reported Ag volumes excluding trading activities to 1.8mt (Q2 24: 1.84mt, Q3 23: 1.87mt) was largely in-line with consensus (1.87m t inc...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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