Germany’s K+S Group Q4 adjusted earnings fall 12%, sales drop

14 March 2013 07:32  [Source: ICIS news]

SINGAPORE (ICIS)--Germany’s K+S Group reported on Thursday a 12% year-on-year drop in its fourth quarter adjusted group earnings from continued operations to €131.6m ($171m), weighed by lower revenues and earnings.

The company’s revenues fell by 7.8% year on year to €941.6m in the fourth quarter of last year, while earnings before interest, tax, depreciation and amortisation (EBITDA) was down by 13% at €243.9m, the company said in a statement.

For the full-year of 2012, the company’s adjusted group earnings from continued operations fell by 14% year on year to €540.8m, while revenues were down by 1.5% at €3.94bn.

Its EBITDA in 2012 fell by 9.5% year on year to €1.04bn.

“All in all, we expect the K+S Group to achieve a slight increase in revenues and operating earnings,” said Norbert Steiner, K+S’s chairman of the board of executive directors.

“For 2014, we also see opportunities for a slight increase in revenues and earnings in comparison to 2013," Steiner added.

($1 = €0.77)


By: Nurluqman Suratman



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