k+s reported preliminary figures, which suffered severely from the mild winter and lower potash prices. We expected this. To our very reserved 2020 scenario also fits the low level of the new MOP (potassium chloride) contracts in China, which has an impact on the expected recovery of the ASP beyond China. In the light of recent developments, management recently lowered its FY guidance.
08 May 2020
Guidance lowered to lower end
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Guidance lowered to lower end
k+s reported preliminary figures, which suffered severely from the mild winter and lower potash prices. We expected this. To our very reserved 2020 scenario also fits the low level of the new MOP (potassium chloride) contracts in China, which has an impact on the expected recovery of the ASP beyond China. In the light of recent developments, management recently lowered its FY guidance.