Investing.com -- German potash and salt miner K+S has announced an EBITDA of approximately €201 million, exceeding market expectations. This represents a 15% increase compared to Vara consensus, which was €175 million.
The company attributes this positive outcome to higher average prices in the agricultural consumer segment, approximately €325 per tonne compared to the consensus of €320 per tonne. This price increase implies around €10 million higher EBITDA. Furthermore, production costs were below expectations, while volumes remained consistent.
K+S also revised its full-year guidance upwards. The company now expects an EBITDA of €560-640 million, up from the previous guidance of €500-620 million. The consensus estimate was €581 million. This adjustment in guidance, assuming the mid-point, would suggest a roughly 3% upgrade to consensus forecasts.
In addition, the company now anticipates its adjusted free cash flow (FCF) to be slightly positive. This is a change from the previous expectation of at least break-even, with a consensus of €18 million.
K+S will release its Q1 report on May 13th, 2025. The firm’s recent financial performance and raised guidance are likely to support its share price.
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