K+S Aktiengesellschaft

  • WKN: KSAG88
  • ISIN: DE000KSAG888
  • Land: Deutschland

Nachricht vom 09.08.2018 | 19:57

K+S Aktiengesellschaft: K+S confirms significant increase of EBITDA for the year 2018, but misses current market expectations

K+S Aktiengesellschaft / Key word(s): Half Year Results/Forecast
K+S Aktiengesellschaft: K+S confirms significant increase of EBITDA for the year 2018, but misses current market expectations

09-Aug-2018 / 19:57 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.


The K+S Group is now expecting earnings before interests, taxes, depreciation and amortisation (EBITDA) in a range of EUR 660 to 740 million for the year 2018. This equals unchanged to a significant increase versus the previous year (EUR 577 million).
 
This range misses the current market expectations (Consensus by Vara Research GmbH as of 16 July 2018: EUR 797 million).
 
The EBITDA for the second quarter amounted to EUR 105.1 million (previous year: EUR 101.9 million). K+S continues to pursue the target of a positive free cash flow in 2019.
 
The company releases the half-yearly financial report on 14 August 2018.


Contact:
Investor Relations:
Lutz Grüten
Phone: +49 561 9301-1460
lutz.grueten@k-plus-s.com

09-Aug-2018 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de



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