06.08.2013
K+S Aktiengesellschaft DE000KSAG888
DGAP-Adhoc: K+S Aktiengesellschaft no longer adheres to the outlook for the year 2013 due to latest developments on the potash market
K+S Aktiengesellschaft / Key word(s): Forecast
06.08.2013 13:30
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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As a result of the announcement made by Russian Uralkali that it would exit
the BPC sales organisation operated jointly with Belarussian Belaruskali
and related statements on the part of Uralkali concerning the expansion of
output, significant uncertainty about the future volume- and price
development in the market for potash fertilizer has occured.
Against this background and following the principle of prudence, we no
longer stick to our outlook for 2013 to slightly increase the operating
earnings EBIT I compared to 2012 (EUR 804.1 million). It is probable that
the expected increase in earnings of the Salt business unit will not be
sufficient to compensate for the decrease in earnings of the Potash- and
Magnesium Products business unit.
Also the prospects stated in the financial report 2012 of a further slight
increase in earnings for 2014 are potentially no longer achievable.
06.08.2013 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: K+S Aktiengesellschaft
Bertha-von-Suttner-Str. 7
34131 Kassel
Germany
Phone: +49 561 9301 0
Fax: +49 561 9301 2425
E-mail: [email protected]
Internet: www.k-plus-s.com
ISIN: DE000KSAG888
WKN: KSAG88
Listed: Regulierter Markt in Berlin, Düsseldorf, Frankfurt (Prime
Standard), Hamburg, Hannover, München, Stuttgart
End of Announcement DGAP News-Service
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