K+S AKTIENGESELLSCHAFT (FRA:SDF) K+S Aktiengesellschaft: Strong increase in EBITDA and Free Cash Flow expected in the 2022 financial year

Directive transparence : information réglementée

09/02/2022 12:39

DGAP-Ad-hoc: K+S Aktiengesellschaft / Key word(s): Forecast
K+S Aktiengesellschaft: Strong increase in EBITDA and Free Cash Flow expected in the 2022 financial year

09-Feb-2022 / 12:39 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 expects EBITDA for the 2022 financial year to range between EUR 1.6 billion and EUR 1.9 billion (2021: preliminary around EUR 960 million, including approximately EUR 220 million one-off effect from the REKS transaction). This forecast significantly exceeds the current market expectation (Vara 2022 consensus: EUR 1.269 billion). K+S will therefore more than double EBITDA compared to the figure of the previous year (adjusted for the effect from the REKS transaction). 

The expected improvement in earnings is mainly attributable to higher average prices in the Agriculture customer segment. These will significantly exceed expected cost increases, particularly for energy, logistics, and materials. While visibility for the first half of 2022 is high, the range of the forecast results in particular from different scenarios (prices, costs, logistics availability, weather conditions) for the course of the second half of the year.

Based on capital expenditures of around EUR 400 million, adjusted free cash flow is expected to range between EUR 600 and EUR 800 million, therefore also strongly exceeding the prior-year figure of around EUR 100 million.

The Company will publish its consolidated financial statements as well as the 2021 Annual Report, including the full outlook, on March 10, 2022.

Investor Relations:
Julia Bock, CFA
Phone: +49 561 9301-1009

09-Feb-2022 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

Language: English
Company: K+S Aktiengesellschaft
Bertha-von-Suttner-Str. 7
34131 Kassel
Phone: +49 561 9301 0
Fax: +49 561 9301 2425
E-mail: investor-relations@k-plus-s.com
Internet: www.k-plus-s.com
Indices: MDAX
Listed: Regulated Market in Berlin, Dusseldorf, Frankfurt (Prime Standard), Hamburg, Hanover, Munich, Stuttgart; Regulated Unofficial Market in Tradegate Exchange
EQS News ID: 1278608

End of Announcement DGAP News Service

1278608  09-Feb-2022 CET/CEST