Key Figures K+S Group

After Difficult Fiscal Year in 2016: K+S Group Expects Tangible Increase in Earnings for 2017

“A strong salt business stood in contrast to the considerable challenges in the Potash and Magnesium Products business unit. This is clear proof of both the coherence of our two-pillar strategy and the strength of the K+S Group. Despite adverse conditions, we managed to achieve operating earnings of € 229 million,” said Chairman of the K+S Executive Board Norbert Steiner during the annual financial press conference.

K+S Group at a Glance: January - December 2016

All figures in accordance with IFRS January - December € million Difference
  2016 2015 in %
Revenues 3,456.6  4,175.5 -17.2
Earnings before interest, taxes depreciation and amortization (EBITDA)1) 519.1  1,057.5 -50.9
Operating earnings (EBIT I) 229.3  781.6 -70.7
Group earnings, adjusted 2) 130.5  542.3 -75.9
Earnings per share, adjusted (€) 2) 0.68  2.83 -75.9
Capital expenditure (CapEx) 3) 1,170.8  1,278.8 -8.4
Adjusted free cash flow -776.8  -635.9 -22.2
Employees as of 31 December 4) (number) 14,530  14,383 1.0 

1) Adjusted for the depreciation and amortisation amount not recognised in profit and loss in the context of own work capitalised.
2) The adjusted key figures include the result from operating forecast hedges in the respective reporting period, which eliminates effects from fluctuations in the market value of the hedges as well as effects from the exchange rate hedging of future capital expenditure in Canadian dollars (Legacy Project) (see also the “Explanation of the income statement and the statement of comprehensive income” on page 154 of the financial report 2015. Related effects on deferred and cash taxes are also eliminated; tax rate in 2016: 29.3% (2015: 28.7%).
3) Investments in or earnings-effective depreciation on property, plant and equipment, intangible assets, investment properties as well as depreciation on financial assets.
4) FTE: Full-time equivalents; part-time positions are weighted in accordance with their respective share of working hours.