K+S released FY16 numbers. Revenues were down 17.2% to €3,456.6m, EBITDA down 50.9% to €519m, EBIT I down 70.7% to €229.3m and net adjusted earnings down 76% to €130.5m. Net debt reached €3.538m (vs €2,395m). The proposed dividend is €0.30 (vs €1.15). The group expects a tangible increase in EBIT I for FY17 on higher volumes (in particular thanks to the Legacy Project) as well as price/mix, although signification variation may occur on low-water periods
16 Mar 2017
FY16 weak as expected; some hopes on Canada for FY17
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FY16 weak as expected; some hopes on Canada for FY17
K+S AG (SDF:WBO) | 0 0 2.1% | Mkt Cap: 4,182m
- Published:
16 Mar 2017 -
Author:
Fabrice Farigoule -
Pages:
2
K+S released FY16 numbers. Revenues were down 17.2% to €3,456.6m, EBITDA down 50.9% to €519m, EBIT I down 70.7% to €229.3m and net adjusted earnings down 76% to €130.5m. Net debt reached €3.538m (vs €2,395m). The proposed dividend is €0.30 (vs €1.15). The group expects a tangible increase in EBIT I for FY17 on higher volumes (in particular thanks to the Legacy Project) as well as price/mix, although signification variation may occur on low-water periods