K+S AG : Trough for Q2 preliminary EBITDA even weaker than expected, focus on positive potash market momentum returning
>Preliminary EBITDA trough of € 24m even weaker than expected by cons (€ 71m) - K+S published preliminary headline results for Q2 with EBITDA of € 24m coming in below the consensus of € 71m (ODDO BHF € 78m) and heavily down q-o-q compared to € 454m in Q1 2023 as the potash market standstill weighed on volumes and prices. The price recovery currently underway also kicked in later than anticipated. OpFCF of € 160m improved q-o-q from € 109m in Q1 on receivables collecti...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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