K + S: stock down, despite rising revenues

(CercleFinance.com) - The K + S share is down 3.
9% in Frankfurt today, after the German supplier of minerals and fertilizers published Q2 revenues that are down 9% at 812 million euros.

Revenues benefited from higher volumes thanks to the launch of the new potash plant in Bethune, Canada, as well as higher prices for potassium chloride and fertilizer specialties.

K + S confirms EBITDA that is up 3% at 105.1 million euros over the last quarter, while forecasting EBITDA that is up to between 660 million and 740 million euros in 2018 and positive adjusted free cash flow in 2019.


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