K+S reported a good set of figures, confirming our view. We see the cautious delivery of figures in the adjusted reporting structure as uninstructive. Consensus was outdone here and there. Sales and profitability were fuelled by higher prices in Q1, whereas the dynamics of the operating unit Europe+ was held back by lower volumes.
15 May 2019
Higher pricing propels profitability
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Higher pricing propels profitability
K+S reported a good set of figures, confirming our view. We see the cautious delivery of figures in the adjusted reporting structure as uninstructive. Consensus was outdone here and there. Sales and profitability were fuelled by higher prices in Q1, whereas the dynamics of the operating unit Europe+ was held back by lower volumes.