DGAP-Adhoc: K+S Aktiengesellschaft: Potash production at the Werra plant secured until at least Christmas despite prolonged drought; full-year guidance confirmed
03.12.2018 (www.4investors.de) -
DGAP-Ad-hoc: K+S Aktiengesellschaft / Key word(s): Forecast
K+S Aktiengesellschaft: Potash production at the Werra plant secured until at least Christmas despite prolonged drought; full-year guidance confirmed
03-Dec-2018 / 08:41 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.
Despite the persistent, extreme drought, full production at the three sites of the Werra potash plant is now guaranteed up to and including December 23. Against this background and assuming a prolonged extreme drought, disposal-related stoppages in production are now only expected to continue over the holidays until January 1. Should significant rainfall occur in the coming days, these stoppages could be further reduced.
The negative effect on earnings would amount to a maximum of EUR 15 million. Nevertheless, K+S confirms its earnings guidance (EBITDA) in the range of EUR 570 to 630 million. This assumes an average de-icing salt business in December.
From today's perspective, stoppages in potash production at the Werra plant, even in the event of a prolonged drought, are unlikely in the first quarter of 2019 due to the reduction in stocks in the buffer storage ponds.
From early summer 2019 onwards, K+S will most likely be able to increase the on-site temporary storage capacity for saline wastewater by further up to 400,000 m3 to a total of up to 1 million m3.
Phone: +49 561 9301-1460
03-Dec-2018 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de
+49 561 9301 0
+49 561 9301 2425
Regulated Market in Berlin, Dusseldorf, Frankfurt (Prime Standard), Hamburg, Hanover, Munich, Stuttgart; Regulated Unofficial Market in Tradegate Exchange
End of Announcement
DGAP News Service
753595 03-Dec-2018 CET/CEST