K+S: return to positive FCF in Q2

(CercleFinance.com) - K+S announces Q2 2019 EBITDA that is up 24% at 130 million euros, with positive adjusted free cash flow of 102 million euros, compared to negative FRF of 49 million euros a year ago, for revenues that are up 8% at 879 million euros.


The supplier of minerals and fertilizers says that a good pricing environment for fertilizers and higher production volumes at the Werra (Germany) and Bethune (Canada) sites significantly contributed to this development.

For FY 2019, the German group has tightened its target EBITDA range to between 730 million and 830 million euros, compared to 700 million-850 million euros previously, with the group now aiming to report positive FCF of at least 100 million euros.


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