Q1 17 revenues grew c. 3% to €1,126m. EBITDA was down 26.1% to €210.9m, EBIT I was down 37% to €137m (vs €218m) and net earnings down 36% to €94.6m. Net debt at the end of Q1 reached €3,614m (+52% yoy). The group still aims for an (unchanged) “tangible increase in revenues and operating earnings (EBIT I) in the 2017 fiscal year” compared to FY16, although “limitations at the Werra plant during longer periods of low water levels in the Werra cann
09 May 2017
Q1 17 results: the half-full glass
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Q1 17 results: the half-full glass
K+S AG (SDF:WBO) | 0 0 2.1% | Mkt Cap: 4,182m
- Published:
09 May 2017 -
Author:
Fabrice Farigoule -
Pages:
2
Q1 17 revenues grew c. 3% to €1,126m. EBITDA was down 26.1% to €210.9m, EBIT I was down 37% to €137m (vs €218m) and net earnings down 36% to €94.6m. Net debt at the end of Q1 reached €3,614m (+52% yoy). The group still aims for an (unchanged) “tangible increase in revenues and operating earnings (EBIT I) in the 2017 fiscal year” compared to FY16, although “limitations at the Werra plant during longer periods of low water levels in the Werra cann