K+S AG : Q4 EBITDA 12% above consensus on strong volumes; EBITDA 2024 outlook +3% vs consensus at mid-point
>Q4 EBITDA of € 162m 12% above consensus of € 145m (ODDO BHF € 115m) vs € 72m in Q3 2023 - Q4 2023 EBITDA more than doubled q-o-q to € 162m compared to € 72m in Q3 2023 fuelled by 11% q-o-q higher group sales of € 974m (Q3 2023 € 881m, consensus € 954m). Ag ASP was almost flat q-o-q in Q4 2023 at €334/t (css € 332/t) compared to € 332/t in Q3 2023. Ag volumes gained strongly 9% q-o-q and 9% y-o-y to 2.04mt (css 1.95mt).Outlook of € 500-650m EBITDA implies...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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