Summary by Quarter

Revenues & operating earnings (IFRS)
€ millionQ1/09Q2/09H1/09Q3/09Q4/092009Q1/10Q2/10H1/10
Potash and Magnesium Products 366.0 354.3 720.3 340.8 360.6 1,421.7 498.4 463.5 961.9
Nitrogen Fertilizers 342.1 257.4 599.5 204.5 212.2 1,016.2 385.5 287.4 672.9
Salt 338.3 99.3 437.6 121.7 455.3 1,014.6 616.4 275.3 891.7
Complementary Business Segments 29.1 27.6 56.7 30.9 33.1 120.7 33.2 32.2 65.4
Reconciliation 0.2 0.1 0.3 0.2 0.1 0.6 0.1 0.1 0.2
K+S Group revenues 1,075.7 738.7 1,814.4 698.1 1,061.3 3,573.8 1,533.6 1,058.5 2,592.1
Potash and Magnesium Products 97.0 53.8 150.8 54.0 26.9 231.7 150.6 119.2 269.8
Nitrogen Fertilizers 8.1 (26.6) (18.5) (47.3) (42.3) (108.1) 14.5 26.0 40.5
Salt 80.2 (0.6) 79.6 13.5 47.3 140.4 107.9 21.8 129.7
Complementary Business Segments 2.0 3.2 5.2 4.3 5.7 15.2 6.4 6.2 12.6
Reconciliation (13.3) (11.7) (25.0) (15.1) (1.1) (41.2) (11.7) (17.7) (29.4)
K+S Group EBIT I 174.0 18.1 192.1 9.4 36.5 238.0 267.7 155.5 423.2
Income statement (IFRS)
€ millionQ1/09Q2/09H1/09Q3/09Q4/092009Q1/10Q2/10H1/10
Revenues 1,075.7 738.7 1,814.4 698.1 1,061.3 3,573.8 1,533.6 1,058.5 2,592.1
Cost of sales 663.5 473.5 1,137.0 474.3 732.6 2,343.9 893.0 645.6 1,538.6
Gross profit 412.2 265.2 677.4 223.8 328.7 1,229.9 640.6 412.9 1,053.5
Selling expenses 188.5 160.3 348.8 155.7 207.9 712.4 294.2 235.1 529.3
General and administrative expenses 27.1 32.5 59.6 23.6 39.9 123.1 39.8 44.5 84.3
Research and development costs 4.0 4.5 8.5 5.6 4.6 18.7 3.7 3.8 7.5
Other operating income/expenses (6.4) (39.3) (45.7) (20.0) (33.1) (98.8) (24.6) 30.3 5.7
Income from investments, net 0.4 0.4 0.8 2.0 (1.9) 0.9 1.1 0.7 1.8
Result from operating
forecast hedges		 (33.7) 8.7 (25.0) (3.5) (7.4) (35.9) (16.5) (34.4) (50.9)
Result after operating hedges
(EBIT II)		 152.9 37.7 190.6 17.4 33.9 241.9 262.9 126.1 389.0
Financial result (8.4) (76.6) (85.0) (11.7) (18.7) (115.4) (30.2) (21.5) (51.7)
Earnings before income taxes 144.5 (38.9) 105.6 5.7 15.2 126.5 232.7 104.6 337.3
Taxes on income 37.1 (8.8) 28.3 1.9 (0.6) 29.6 60.2 28.1 88.3
- of which deferred taxes (4.5) (2.3) (6.8) 13.0 (14.9) (8.7) (15.7) 7.0 (8.7)
Net income/loss 107.4 (30.1) 77.3 3.8 15.8 96.9 172.5 76.5 249.0
Minority interests in earnings 0.1 0.1 0.2 0.1 0.2 0.5 0.2 0.2 0.4
Group earnings after taxes and
minority interests		 107.3 (30.2) 77.1 3.7 15.6 96.4 172.3 76.3 248.6
                   
Operating earnings (EBIT I) 174.0 18.1 192.1 9.4 36.5 238.0 267.7 155.5 423.2
Earnings before income taxes, adjusted 1) 165.6 (58.5) 107.1 (2.3) 17.8 122.6 237.5 134.0 371.5
Group earnings, adjusted 1) 122.5 (44.3) 78.2 (2.1) 17.5 93.6 175.8 97.5 273.3
Other key data (IFRS)
 Q1/09Q2/09H1/09Q3/09Q4/092009Q1/10Q2/10H1/10
Capital expenditure (€ million) 2) 29.1 41.5 70.6 43.5 63.5 177.6 27.3 34.4 61.7
Depreciation and amortisation
(€ million) 2)		 35.1 35.0 70.1 35.9 67.8 173.8 65.4 61.5 126.9
Gross cash flow (€ million) 172.3 41.4 213.7 19.0 91.2 323.9 266.0 186.7 507.9
Working Capital (€ million) 1,064.1 – 907.3 828.8 – 985.7 956.4 – 954.5
Net indebtedness (€ million) 535.6 – 827.6 833.1 – 1,338.9 1,048.6 – 862.1
Earnings per share, adjusted (€ ) 1) 0.74 (0.27) 0.47 (0.01) 0.10 0.56 0.92 0.51 1.43
Gross cash flow per share (€) 1.05 0.25 1.30 0.11 0.54 1.95 1.68 0.98 2.66
Book value per share, adjusted (€) 1) 11.31 – 8.50 8.19 – 10.99 12.54 – 13.78
Number of shares outstanding (million) 3) 164.84 – 165.00 165.00 – 191.40 191.20 – 191.40
Average number of shares (million) 4) 164.84 164.90 164.87 165.00 169.84 166.15 191.23 191.33 191.28
Closing price (XETRA, €) 5) 34.93 – 40.03 37.29 – 39.99 44.93 – 37.88
Employees as of the reporting date (number) 12,334 – 12,233 12,378 – 15,208 15,164 – 15,102

1)  The adjusted key figures only contain the earnings actually realised on operating forecast hedges for the respective reporting period. The changes in the market value of operating forecast hedges still outstanding, however, are not taken into account. Any resulting effects on deferred and cash taxes are also eliminated; tax rate Q2/10: 27.9 % (Q2/09: 27.9 %).

2)  Cash-effective investments in or depreciation on property, plant and equipment, intangible assets.

3)  Total number of shares less the number of own shares held by K+S as of the balance sheet date.

4)  Total number of shares less the average number of own shares held by K+S.

5)  The price of the K+S share since the capital increase in December 2009 has been traded ex subscription right. Historical values were not adjusted.