euro adhoc: K+S Aktiengesellschaft
Earnings Forecast
Continued shortage on
fertilizer markets
International price level increases further
Strong second
quarter foreseeable
Significant increase of profit forecast for the financial
year 2008
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
31.07.2008
The price level on the global fertilizer markets has risen further tangibly. In particular for potash products and against the backdrop of the continuing shortage, it has again recently proved possible to achieve far higher prices in Europe and overseas; for example, K+S yesterday raised the price for potassium chloride (granular MOP) in Europe by a further EUR 40 to EUR 600. Moreover, on the global markets it is foreseeable that a price level of USD 1,000 per tonne of potassium chloride will have been established during the fourth quarter. Furthermore, within the context of the current preparation of the half-yearly financial results, there are indications of a strong second quarter in which fertilizer prices were still far lower. In the light of these developments, the Board of Executive Directors today raises the forecast for the operating earnings EBIT I of 2008 from previously at least EUR 1.1 billion to between EUR 1.4 and EUR 1.6 billion.
Information about the quarterly financial statements Q2/08 will be published on the Internet within the framework of the half-yearly financial reporting on 13 August 2008 at www.k-plus-s.com.
end of announcement euro adhoc
Further inquiry note:
Christian Herrmann
Investor Relations
Telefon: +49(0)561-9301-1460
E-Mail: Christian.Herrmann@k-plus-s.com
Branche: Chemicals
ISIN: DE0007162000
WKN: 716200
Index: Midcap Market Index, MDAX, CDAX, Classic All Share, HDAX,
Prime All Share
Börsen: Börse Frankfurt / regulated dealing/prime standard
Börse Berlin / regulated dealing
Börse Hamburg / regulated dealing
Börse Stuttgart / regulated dealing
Börse Düsseldorf / regulated dealing
Börse Hannover / regulated dealing
Börse München / regulated dealing