K+S presented its “shaping 2030” plan after having dropped last summer its targets for 2020. In brief, the group’s ambitions are to become FCF positive by 2019, halve its net debt/EBITDA ratio by 2020, work on group synergies (€150m p.a as from 2020), turn investment grade by 2023, reduce its dependence on prices and weather and generate an EBITDA of €3bn and a ROCE above 15%...by 2030.
09 Oct 2017
“Shaping 2030”: an Excel exercise in our view
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“Shaping 2030”: an Excel exercise in our view
K+S AG (SDF:WBO) | 0 0 2.1% | Mkt Cap: 4,182m
- Published:
09 Oct 2017 -
Author:
Fabrice Farigoule -
Pages:
3
K+S presented its “shaping 2030” plan after having dropped last summer its targets for 2020. In brief, the group’s ambitions are to become FCF positive by 2019, halve its net debt/EBITDA ratio by 2020, work on group synergies (€150m p.a as from 2020), turn investment grade by 2023, reduce its dependence on prices and weather and generate an EBITDA of €3bn and a ROCE above 15%...by 2030.