08.05.2020 K+S Aktiengesellschaft  DE000KSAG888

DGAP-Adhoc: K+S Aktiengesellschaft: Adjustment of the dividend proposal to maintain the eligibility for KfW support


 

DGAP-Ad-hoc: K+S Aktiengesellschaft / Key word(s): Dividend
K+S Aktiengesellschaft: Adjustment of the dividend proposal to maintain the eligibility for KfW support

08-May-2020 / 10:08 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


Against the background of the global economic crisis triggered by the corona pandemic, the Board of Executive Directors and the Supervisory Board of K+S Aktiengesellschaft have precautionary decided on 8 May 2020 to adjust the dividend proposal for 2019 to the legal minimum dividend of € 0.04 per share (previous dividend proposal € 0.15 per share). This leads to a total dividend payment of € 7.7 million (previously € 28.7 million). The dividend has to be adjusted in order to maintain the eligibility for a KfW state-secured loan.

In the course of the spread of the corona virus, K+S has implemented extensive measures to minimize the risk of infection at the manufacturing sites. This has enabled production to be maintained at almost all locations. The efficiency losses associated with these measures and the short-term, corona-related downtimes of some smaller sites had a negative impact on the quarterly result of just € 10 million.

However, the important contract between large potash producers and Chinese customers was delayed until the end of April due to the corona pandemic, which has an impact on the expected recovery in potash prices this year. To this end, further burdens from the corona pandemic cannot currently be ruled out.

Due to the continuing uncertainty on the capital and financial markets about the economic consequences of the crisis, it cannot currently be ruled out that liquidity sourcing will be made significantly more difficult.

Against this background, K+S is examining all options available to ensure financial flexibility and liquidity. A state-secured KfW loan is one of these options.


Contact:
Investor Relations:
Dirk Neumann
Phone: +49 561 9301-1460
[email protected]

08-May-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


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
Indices: MDAX
Listed: Regulated Market in Berlin, Dusseldorf, Frankfurt (Prime Standard), Hamburg, Hanover, Munich, Stuttgart; Regulated Unofficial Market in Tradegate Exchange
EQS News ID: 1039575

 
End of Announcement DGAP News Service

1039575  08-May-2020 CET/CEST

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Die wichtigsten Finanzdaten auf einen Blick
  2015 2016 2017 2018 2019 2020 2021e
Umsatzerlöse1 4.175,50 3.456,60 3.627,00 4.039,10 4.070,70 2.432,10 2.870,00
EBITDA1,2 1.057,50 519,10 576,70 606,30 640,40 266,90 760,00
EBITDA-Marge3 25,33 15,02 15,90 15,01 15,73 10,97 26,48
EBIT1,4 781,60 229,30 270,80 165,30 224,30 -138,00 510,00
EBIT-Marge5 18,72 6,63 7,47 4,09 5,51 -5,67 17,77
Jahresüberschuss1 495,40 174,40 184,60 42,20 88,90 -1.890,80 390,00
Netto-Marge6 11,86 5,05 5,09 1,04 2,18 -77,74 13,59
Cashflow1,7 669,40 445,40 306,80 308,70 639,80 428,50 395,00
Ergebnis je Aktie8 2,59 0,91 0,90 0,22 0,46 -8,96 2,10
Dividende8 1,15 0,30 0,35 0,25 0,04 0,00 0,08
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2020 - Kostenfrei herunterladen.  
1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

Wirtschaftsprüfer: Deloitte

INVESTOR-INFORMATIONEN
©boersengefluester.de
K+S
WKN Kurs in € Einschätzung Börsenwert in Mio. €
KSAG88 13,835 Halten 2.648,02
KGV 2022e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
16,09 14,97 1,05 34,42
KBV KCV KUV EV/EBITDA
1,19 6,18 1,09 27,37
Dividende '20 in € Dividende '21e in € Div.-Rendite '21e
in %
Hauptversammlung
0,00 0,08 0,58 12.05.2021
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
11.05.2021 12.08.2021 11.11.2021 11.03.2021
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
8,81% 26,91% 77,65% 123,07%
    
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