Yara reported a strong set of operating figures, which were above our expectations and above consensus, which is based on some company-related definitions. However, sales prices and moderately rising energy prices were dampeners. The financial result’s performance was poor, generating a large loss. The company implemented a new reporting structure as of 1 January 2019 but also provided the previous year’s figures.
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Burdening FX
Yara reported a strong set of operating figures, which were above our expectations and above consensus, which is based on some company-related definitions. However, sales prices and moderately rising energy prices were dampeners. The financial result’s performance was poor, generating a large loss. The company implemented a new reporting structure as of 1 January 2019 but also provided the previous year’s figures.