18 December 2018

Period of production stoppages shorter than expected

Increased potash production at the Werra plant by the end of the year

Recent rainfall has temporarily raised the water level and flow of the Werra river. Therefore, the disposal situation and the capacity of the retention basin at the Werra potash plant have improved. The production will only stop from December 24 to 26, and full production will resume at the three sites of the plant from December 27 onwards. K+S previously expected a longer production stoppage.

Due to the production stoppage, which is now shorter than previously assumed, K+S expects only an additional negative EBITDA effect of roughly  € 10 million (before: maximum of € 15 million) in the fourth quarter of 2018.

K+S assumes further stoppages in the potash production at the Werra plant to be unlikely in the first quarter of 2019, even in the event of drought.

About K+S

K+S is a customer-focused, independent minerals company for the Agriculture, Industry, Consumers, and Communities segments and wants to grow the EBITDA to € 3 billion by 2030. Our approximately 15,000 employees enable farmers to provide nutrition for the world, solutions that keep industries going, improve daily life for consumers and provide safety in winter. We continually meet the growing demand for mineral products from production sites in Europe, North and South America as well as a worldwide sales network. We strive for sustainability because we are deeply committed to our responsibilities to people, environment, communities and economy in the regions in which we operate. Learn more about K+S at www.k-plus-s.com.

Michael Wudonig

Spokesman

Phone: +49 561 9301 1262
michael.wudonig@k-plus-s.com

Michael Wudonig
Spokesman

Bertha-von-Suttner Str. 7
34131 Kassel
Germany

Phone: +49 561 9301 1262
Fax: +49 561 9301 1666
michael.wudonig@k-plus-s.com

Download vCard

Address

back

Lutz Grüten

Head of Investor Relations

Phone: +49 561 9301 1460
lutz.grueten@k-plus-s.com

Lutz Grüten
Head of Investor Relations

Bertha-von-Suttner Str. 7
34131 Kassel
Germany

Phone: +49 561 9301 1460
Fax: +49 561 9301 2425
lutz.grueten@k-plus-s.com

Download vCard

Address

back


Downloads

 

Print version  |  Return to Top
Follow us  LinkedInGlassdoorkununuXINGYouTubeInstagram