After skyrocketing profitability, Yara had to deal with a perfect set of opposite effects heavily weighing on profitability: sharply falling commodity prices, still curtailed production and inventory values based on high energy costs. Nevertheless, consensus was not met at many levels (revenues: -11.4%; adjusted EBITDA: -43.0%; operating income: -67.1%), which might not amuse investors.
The Q2 could be somewhat better as the management flagged higher demand in Europe and lower natural gas cost ....
28 Apr 2023
Lower prices make a dent in profitability
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Lower prices make a dent in profitability
- Published:
28 Apr 2023 -
Author:
Martin Schnee -
Pages:
3
After skyrocketing profitability, Yara had to deal with a perfect set of opposite effects heavily weighing on profitability: sharply falling commodity prices, still curtailed production and inventory values based on high energy costs. Nevertheless, consensus was not met at many levels (revenues: -11.4%; adjusted EBITDA: -43.0%; operating income: -67.1%), which might not amuse investors.
The Q2 could be somewhat better as the management flagged higher demand in Europe and lower natural gas cost ....