euro adhoc: K+S Aktiengesellschaft
K+S adjusts US-Dollar hedging /
Positive outlook for 2005 unchanged
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
Altered market conditions have induced K+S Group to modify the US-Dollar hedging based on range options. All outstanding options for the years 2005, 2006 and 2007 now carry upper knock-outs of at least 1.40 USD/EUR. As a consequence of this restructuring, the weighted average hedging rate incl. premium payments will increase from 1.06 USD/EUR to 1.11 USD/EUR for the year 2005. For the years 2006 and 2007, net hedging rates will remain unchanged at 1.04 USD/EUR and 1.02 USD/EUR, respectively.
For the year 2005, the board of executive directors of K+S AG is unalteredly confident for the earnings perspective. Besides the commenced efficiency enhancements, this outlook is based on strong demand, especially in the potash and magnesium business segment; in these markets, price increases are already announced and further increases are likely.
end of announcement euro adhoc 25.11.2004 16:41:59
Further inquiry note:
Christian Herrmann
Tel.: +49 (0)561 9301 1460
E-Mail: christian.herrmann@k-plus-s.com
Branche: Chemicals
ISIN: DE0007162000
WKN: 716200
Index: Midcap Market Index, MDAX, Prime Standard, CDAX, Classic All Share, HDAX, Prime All
Share
Börsen: Bremer Wertpapierbörse (BWB) / regulated dealing
Berliner Wertpapierbörse / official dealing
Hamburger Wertpapierbörse / official dealing
Baden-Württembergische Wertpapierbörse / official dealing
Frankfurter Wertpapierbörse / official dealing
Börse Düsseldorf / official dealing
Niedersächsische Börse zu Hannover / official dealing
Bayerische Börse / official dealing