K+S released FY17 numbers. Revenues were up 4.9% to €3,627.0m, EBITDA up 11% to €576.7m, EBIT I up 18.1% to €270.8m and net adjusted earnings up 11.1% to €145m. Net debt reached €4,141m (vs €3,538m a year ago and €3,939.2m in Q3). The dividend proposed is €0.35 (vs €0.30). For FY18, the group expects sales to be “tangibly higher” and EBITDA “significantly higher” on the back of rising volumes (Bethune) in the Potash and Magn
15 Mar 2018
Waiting for a recovery in prices
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K+S AG (SDF:WBO) | 0 0 2.1% | Mkt Cap: 4,182m
- Published:
15 Mar 2018 -
Author:
Fabrice Farigoule - Pages:
K+S released FY17 numbers. Revenues were up 4.9% to €3,627.0m, EBITDA up 11% to €576.7m, EBIT I up 18.1% to €270.8m and net adjusted earnings up 11.1% to €145m. Net debt reached €4,141m (vs €3,538m a year ago and €3,939.2m in Q3). The dividend proposed is €0.35 (vs €0.30). For FY18, the group expects sales to be “tangibly higher” and EBITDA “significantly higher” on the back of rising volumes (Bethune) in the Potash and Magn