K+S AKTIENGESELLSCHAFT (FRA:SDF) K+S Aktiengesellschaft raises EBITDA outlook for the 2022 financial year to EUR 2.3 to 2.6 billion

Directive transparence : information réglementée

13/04/2022 11:09

DGAP-Ad-hoc: K+S Aktiengesellschaft / Key word(s): Forecast
K+S Aktiengesellschaft raises EBITDA outlook for the 2022 financial year to EUR 2.3 to 2.6 billion

13-Apr-2022 / 11:09 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 Aktiengesellschaft raises the outlook for expected EBITDA for the K+S Group in the 2022 financial year to EUR 2.3 to 2.6 billion (previous outlook for the 2022 financial year as a whole: EUR 1.6 to 1.9 billion; previous year: EUR 969 million). This forecast tangibly exceeds current market expectations (Vara 2022 EBITDA consensus as of April 6, 2022: EUR 2.16 billion).

Adjusted free cash flow is expected to range from EUR 1,000 million to EUR 1,200 million in full-year 2022, assuming capital expenditures of a good EUR 400 million (previous outlook: around EUR 600 million to EUR 800 million; Vara consensus as of April 6, 2022: EUR 949 million; previous year: EUR 92.7 million). A one-off effect of around EUR 230 million is to be deducted from this operating cash flow forecast following the repayment of factoring in Q1 2022 as well as the purchase of CO2 certificates.

The increase in the outlook is mainly attributable to a further rise in average prices in the Agriculture customer segment. These will significantly outweigh expected cost increases, in particular for energy, logistics, and materials. 

With the expected improvement in EBITDA and adjusted free cash flow, K+S assumes unrestricted production in the further course of the year. Possible interruptions in production caused by potential disruptions in the energy supply of German sites (gas shortage situation) are not taken into account.

The Company will release its Q1 2022 financial results, including its full outlook for the 2022 financial year, on May 11, 2022.

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

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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: 1327453

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1327453  13-Apr-2022 CET/CEST