Key Figures K+S Group

Financial year 2018: K+S expects significant increase in earnings for 2019

The K+S Group increased revenues for the 2018 financial year by 11% to € 4.0 billion (previous year: € 3.6 billion). Earnings before interest, taxes and depreciation (EBITDA) improved by 5% to € 606 million (previous year: € 577 million). EBITDA was negatively impacted above all by the prolonged heat wave and severe drought in Germany last year, which led to considerable production losses at the Werra plant. "Despite this headwind, we still achieved an increase in our operating earnings", says Dr. Burkhard Lohr, Chairman of the Board of Executive Directors of K+S. "I see many positive signals for 2019 and am optimistic as a result. Our EBITDA should increase significantly compared with the previous year".

K+S Group at a Glance: January - December 2018

All figures in accordance with IFRS January - December € million Difference
  2018 2017 in %
Revenues 4,039.1  3,627.0 +11.4 
EBITDA 1) 606.3  576.7 +5.1 
Operating earnings (EBIT I) 227.2  270.8 -16.1
Group earnings from continued operations, adjusted 2) 85.4 145.0 -41.1 
Earnings per share from continued operations, adjusted (€) 2) 0.45 0.76  -40.8
Capital expenditure 3) 443.2  810.8 -45.3
Adjusted Free Cash flow -206.3  -389.8 +47.1 
Employees as of 31 December 4) (number) 14,931 14,793  +0.9 

1) The EBITDA is defined as earnings before interest, taxes, depreciation and amortisation, adjusted by the depreciation and amortisation amount not recognised in profit and loss in the context of own work capitalised, earnings arising from changes in the fair market value of outstanding operating anticipatory hedges, changes in the fair value of operating anticipatory hedges recognised in prior periods and in the prior year profit/loss from currency hedging for capital expenditure in Canada.
2) The adjusted key figures only include the result from operating forecast hedges of the respective reporting period reported in EBIT I. In addition, related effects on deferred and cash taxes are eliminated; tax rate for 2018: 30.0% (2017: 29.9%).
3) Concerns cash investments as well as depreciation of property, plant and equipment and amortisation of intangible assets, taking claims for reimbursement from claim management into account.
4) FTE: Full-time equivalents; part-time positions are weighted in accordance with their respective share of working hours.


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