K+S AG : Q3 EBITDA 11% below cons on lower Ag volumes on logistics, also affecting EBITDA 22 seen at €2.4bn (-7% vs. cons) but lifted FCF guidance to 'a good €1bn' (€770-970m) excl. €230m 1-off vs. €950m cons and strong Q3 pushing into net cash of €152m
>Q3 EBITDA of € 633m came in 11% below consensus of € 709m - Q3 EBITDA of € 633m came in 11% below the consensus of € 709m (ODDO BHF € 690m), down 10% q-o-q vs € 706m in Q2 2022 on lower Ag volumes and despite Ag ASP gaining to € 745/t vs € 665/t in Q2 22: Q3 22 EBITDA was down 10% q-o-q vs € 706m in Q2 2022 fuelled by 3% lower group sales of € 1,470m (Q2 2022 € 1,510m, cons/ODDO BHF € 1,478m/ € 1,464m). Ag ASP gained to € 745/t in Q3 2022 (cons/ODDO BHF € 720/t; € 72...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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