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K+S Group Q2 Revenues Rise; Backs 2012 Outlook
Aug. 1, 2012
K+S Group posted second quarter revenues of 996.5 million euros, up from 821.7 million euros a year ago.
Operating earnings EBIT I reached 219.8 million euros, up from 181.9 million in the prior-year quarter.
K+S Group noted that its second quarter revenues and earnings are significantly above the corresponding previous year's figures which were adjusted because of the divestment of K+S Nitrogen and also significantly exceed the current consensus expectations due to a strong overseas business and a good early stocking-up in Europe in the Potash and Magnesium Products business segment.
For 2012 as a whole, K+S confirmed outlook. In the fiscal year 2012, revenues of the K+S Group should reach a figure between 3.9 billion euros and 4.2 billion euros. Operating earnings EBIT I should reach a figure of between 820 million euros and 900 million euros.
Source: RTT News
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