reports
- ABGSC Chemicals Research
- Bengt Jonassen
- Martin Melbye
- Niclas Gehin
Yara (Buy, TP: NOK425.00) - Volumes/costs aid Q1 EBITDA beat
Q1 EBITDA beat our estimate by 19% and consensus by 22%, with help from solid volumes, lower energy costs and a higher share of premium products sold, FX tailwinds and further cost reductions. Its FID on the blue ammonia projects is still set for H1 2026 and it continues to highlight the strategic rationale of the investment. Our estimates are largely unchanged (no change to 2026–2027e EPS), with higher earnings following the report broadly offset by slightly lower nitrate prices in recent weeks...
- ABGSC Chemicals Research
- Bengt Jonassen
- Martin Melbye
Yara reports strong deliveries and margins
Yara reports strong deliveries and margins Yara reports first quarter 2025 EBITDA excluding special items1 of USD 638 million compared with USD 435 million in first quarter 2024. Net income was USD 295 million compared with USD 16 million a year earlier. First quarter 2025 highlights: EBITDA excl. special items1 up 47%, with strong deliveries and marginsCost reductions on track and continuous improvements through portfolio optimizationSupportive nitrogen upgrading margins in the medium termYara’s scale and global optimization provide flexibility in volatile times “We are pleased with rep...
Yara rapporterer sterke leveranser og marginer
Yara rapporterer sterke leveranser og marginer EBITDA eksklusive spesielle poster1 for første kvartal 2025 var 638 millioner USD sammenlignet med 435 millioner USD i første kvartal 2024. Resultat etter skatt var 295 millioner USD sammenlignet med 16 millioner USD året før. Hovedpunkter fra kvartalet: EBITDA eksklusive spesielle poster1 økte med 47% drevet av sterke leveranser og marginerKostnadsreduksjoner i rute og kontinuerlige forbedringer gjennom porteføljeoptimaliseringGode markedsutsikter for nitrogen på mellomlang siktYaras skala og globale forretningsmodell gir fleksibilitet – V...
- Tomi Railo
- ABGSC Construct. & Real Estate Research
- Åsne Holsen
- Bengt Jonassen
Reminder: Program for the publication of Yara International ASA first ...
Reminder: Program for the publication of Yara International ASA first quarter results 2025 Yara International ASA first quarter 2025 results will be published on Friday, 25 April 2025 at 08:00 CEST. You can follow the first-quarter results presentation online at 12:00 CEST. The presentation will be held in English. The report, presentation and webcast will be available at the above mentioned times at There will also be a conference call at 13:00 CEST the same day with an opportunity to ask questions to Yara’s management. Please use the link to register for this session: Registered c...
- ABGSC Chemicals Research
- Bengt Jonassen
- Martin Melbye
- Simen Mortensen
Mixed upside potential, despite market recovery expectations
Pent-up demand and falling interest rates remain the backbone for newbuild recovery expectations. However, as the recovery has not yet started, property developers screen as the most attractive long-term, but visibility remains mixed. Diversified construction companies are more attractive on near-term P/Es, although many seem to be fully valued on solid share-price performance over the past six months. We maintain a neutral sector view; NCC and Skanska are our top picks.
- Niclas Gehin
Yara (Buy, TP: NOK425.00) - A globalist in a protectionist world
We expect Q1 EBITDA of NOK537m (results due at 08:00 CET on 25 April). We believe the current tariff turbulence increases uncertainty relating to Yara’s planned US blue ammonia investments, and thus the likelihood of the project not seeing daylight. We have raised our 2026–2027e EPS by just 3% on higher fertiliser and lower natural gas prices. At a 2026e P/E of 8x, we reiterate our BUY and NOK425 target price.
- Tomi Railo
Program for the publication of Yara International ASA first quarter re...
Program for the publication of Yara International ASA first quarter results 2025 Yara International ASA first quarter 2025 results will be published on Friday, 25 April 2025 at 08:00 CEST. You can follow the first-quarter results presentation online at 12:00 CEST. The presentation will be held in English. The report, presentation and webcast will be available at the above mentioned times at There will also be a conference call at 13:00 CEST the same day with an opportunity to ask questions to Yara’s management. Please use the link to register for this session: Registered conference ...
- Simen Mortensen
Veidekke (Hold, TP: NOK160.00) - Seasonal low despite mild winter
Q1 is typically the low season for Veidekke on Nordic winter effects and a seasonal EBIT margin decline in the Infrastructure division (including asphalt). Despite the mild winter in the Nordics in Q1, we expect the positive impact to be limited as weather effects tend to affect Q4 more than Q1. We expect zero EPS for Q1. We reiterate our HOLD and NOK160 target price.
- ABGSC Chemicals Research
- Bengt Jonassen
- Martin Melbye
Yara International ASA: 2 directors
A director at Yara International ASA bought 2,000 shares at 339.400NOK and the significance rating of the trade was 56/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two year...
Yara International ASA - Mandatory notification of trade
Yara International ASA - Mandatory notification of trade Member of the Yara Board of Directors Harald Thorstein has purchased a total of 2,000 Yara shares. Following this purchase, Harald Thorstein owns a total of 2,000 shares in Yara international ASA. Details of the transaction can be found in the attachment. The share purchases are considered as PDMR trade under the Market Abuse Regulation (EU) No 596/2014 (“MAR”) and are subject to the disclosure requirements pursuant to MAR article 19. ContactMaria GabrielsenHead of Investor RelationsM: E: About Yara Yara's mission is to respon...
Changes to Yara’s Group Executive Board
Changes to Yara’s Group Executive Board Oslo, March 21, 2025: Magnus Krogh Ankarstrand is appointed EVP & Chief Financial Officer at Yara. Ankarstrand has been a member of Yara’s Group Executive Board since 2023 in the position as EVP Corporate Development. He has previously held positions as CEO Yara Clean Ammonia, SVP Yara North America, CFO of the Industrial segment and Director of Strategy & Business Development in Yara. Thor Giæver is appointed acting EVP Corporate Strategy & Business Development until August and will thereafter serve as SVP Strategic Advisor to the CEO. Giæver has se...
Yara publishes 2024 Integrated Report
Yara publishes 2024 Integrated Report Yara has today published its 2024 Integrated Report, including complete 2024 Annual Accounts with notes. The report is attached as a pdf file and in European Single Electronic Format (ESEF). The 2024 Integrated Report embeds the EU Taxonomy disclosure and Sustainability Statements, prepared in accordance with the EU Corporate Sustainability Reporting Directive (CSRD) and European Sustainability Reporting Standards (ESRS). The Remuneration report and the Country-by-country reporting are disclosed sepa-rately. The disclosures are available on Yara's w...
Yara publiserer integrert årsrapport for 2024
Yara publiserer integrert årsrapport for 2024 Yara har i dag publisert den integrerte årsrapporten for 2024, inkludert årsregnskap med noter. Rapporten er vedlagt som PDF-fil og i European Single Electronic Format (ESEF). Yaras taksonomi- og bærekraftsrapport er utført i henhold til EUs bærekraftsdirektiv (Corporate Sustainability Reporting Directive, CSRD) og medfølgende EU-standarder for bærekraftsrapportering (European Sustainability Reporting Standards, ESRS). Lederlønnsrapport og land-for-land-rapportering er publisert separat. Rapportene er tilgjengelige på Yaras nettside: Konta...
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