K+S reported a nice set of figures, which is in the P&L section but not IFRS compliant. We have undertaken some adjustments in order to generate some IFRS-like figures. Nevertheless, the yoy comparison is not strictly comparable, especially due to the ramp-up of production at the Bethune plant (Canada). The figures were slightly above our estimates, which might partly be a timing effect, but consensus was not really met on some levels.
14 May 2018
Lower capex drives FCF
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Lower capex drives FCF
K+S AG (SDF:WBO) | 0 0 2.1% | Mkt Cap: 4,182m
- Published:
14 May 2018 -
Author:
Fabrice Farigoule -
Pages:
3
K+S reported a nice set of figures, which is in the P&L section but not IFRS compliant. We have undertaken some adjustments in order to generate some IFRS-like figures. Nevertheless, the yoy comparison is not strictly comparable, especially due to the ramp-up of production at the Bethune plant (Canada). The figures were slightly above our estimates, which might partly be a timing effect, but consensus was not really met on some levels.