K+S’s Q2 figures were more than solid and it looks to us as if management has made strong efforts to deliver the FY guidance, backed by some better weather conditions. The reported figures were broadly in line with our expectations (profitability was a notch below) and the consensus profitability expectations were missed by nearly -5%. The recent approval of the temporary storage of saline waste water provides additional planning security. Management has narrowed the guided range.
15 Aug 2019
Strong Europe cushions America
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Strong Europe cushions America
K+S’s Q2 figures were more than solid and it looks to us as if management has made strong efforts to deliver the FY guidance, backed by some better weather conditions. The reported figures were broadly in line with our expectations (profitability was a notch below) and the consensus profitability expectations were missed by nearly -5%. The recent approval of the temporary storage of saline waste water provides additional planning security. Management has narrowed the guided range.