EQS-Adhoc: K+S Aktiengesellschaft: EBITDA and adjusted free cash flow in the first quarter of 2024 significantly above market expectations; Forecast for the full year 2024 unchanged
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EQS-Ad-hoc: K+S Aktiengesellschaft / Key word(s): Quarter Results/Forecast Based on preliminary calculations, the EBITDA of the K+S Group in the first quarter of 2024 is significantly above market expectations at about EUR 200 million (Vara consensus estimate as of April 12, 2024: EUR 165 million median). At about EUR 111 million, the adjusted free cash flow for the first quarter of 2024 also significantly exceeds market expectations (Vara consensus estimate: EUR 68 million). This is attributable to strong European, specialty and industry business. The sales volume in the Agriculture customer segment reached 2 million tonnes; the average price here was above EUR 335/t.
For the year as a whole, the forecasts for EBITDA and adjusted free cash flow remain unchanged: EBITDA is still expected to range between EUR 500 million and EUR 650 million (Vara consensus estimate as of April 12, 2024: EUR 562 million median) and adjusted free cash flow should at least break even (Vara consensus estimate: EUR 29 million). Although a full-year EBITDA at the lower end of the stated range has become less likely with the good first quarter, it cannot be ruled out at this stage due to the contracts not yet concluded with major competitors in China and India. The overseas price level for potassium chloride will become more important again over the course of the year, after the first quarter was mainly influenced by the European business, particularly with specialty products. The closing of accounts is still ongoing. The Company will publish its Q1/2024 Quarterly Report on May 13, 2024. Contact: Investor Relations: Julia Bock, CFA Phone: +49 561 9301-1009 julia.bock@k-plus-s.com End of Inside Information
30-Apr-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| Language: | English |
| Company: | K+S Aktiengesellschaft |
| Bertha-von-Suttner-Str. 7 | |
| 34131 Kassel | |
| Germany | |
| Phone: | +49 561 9301 0 |
| Fax: | +49 561 9301 2425 |
| E-mail: | investor-relations@k-plus-s.com |
| Internet: | www.k-plus-s.com |
| ISIN: | DE000KSAG888 |
| WKN: | KSAG88 |
| Indices: | MDAX |
| Listed: | Regulated Market in Berlin, Dusseldorf, Frankfurt (Prime Standard), Hamburg, Hanover, Munich, Stuttgart; Regulated Unofficial Market in Tradegate Exchange |
| EQS News ID: | 1892839 |
| End of Announcement | EQS News Service |
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1892839 30-Apr-2024 CET/CEST
Boersengefluester.de (BGFL) provides an overview of the key figures on sales, earnings, cash flow and dividends to help you better assess the fundamental development of the respective companies. All information is entered manually in our database - the source is the respective annual reports. All estimates for future figures are provided by BGFL.
| The most important financial data at a glance | ||||||||
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024e | ||
| Sales1 | 4.039,10 | 4.070,70 | 2.432,10 | 3.213,10 | 5.676,60 | 3.872,60 | 0,00 | |
| EBITDA1,2 | 606,30 | 640,40 | 266,90 | 969,10 | 2.422,90 | 712,40 | 620,00 | |
| EBITDA-Margin3 | 15,01 | 15,73 | 10,97 | 30,16 | 42,68 | 18,40 | 0,00 | |
| EBIT1,4 | 226,90 | 208,50 | 39,90 | 676,60 | 1.979,10 | 256,30 | 0,00 | |
| EBIT-Margin5 | 5,62 | 5,12 | 1,64 | 21,06 | 34,86 | 6,62 | 0,00 | |
| Net Profit (Loss)1 | 42,20 | 88,90 | -1.890,80 | 2.983,20 | 1.508,30 | 210,20 | 60,00 | |
| Net-Margin6 | 1,05 | 2,18 | -77,74 | 92,85 | 26,57 | 5,43 | 0,00 | |
| Cashflow1,7 | 308,70 | 639,80 | 428,50 | 326,90 | 1.391,90 | 821,00 | 0,00 | |
| Earnings per share8 | 0,22 | 0,46 | -8,96 | 15,59 | 7,88 | 1,12 | 0,28 | |
| Dividend per share8 | 0,25 | 0,04 | 0,00 | 0,20 | 1,00 | 0,70 | 0,15 | |
1 in Mio. Euro; 2 EBITDA = Earnings before interest, taxes, depreciation and amortisation; 3 EBITDA in relation to sales; 4 EBIT = Earnings before interest and taxes; 5 EBIT in relation to sales; 6 Net profit (-loss) in relation to sales; 7 Cashflow from operations; 8 in Euro; Source: boersengefluester.de
Auditor: PricewaterhouseCoopers
All relevant valuation ratios, dates and other investor information on your share at a glance. Good to know: All data comes from boersengefluester.de and is updated daily. This means you are always up to date. You can get brief explanations of the key figures by moving the cursor or mouse over the relevant field.
| INVESTOR-INFORMATION | ||||||
| ©boersengefluester.de | ||||||
| K+S | ||||||
| WKN | ISIN | Legal Type | Marketcap | IPO | Recommendation | Plus Code |
| KSAG88 | DE000KSAG888 | AG | 1.890,40 Mio € | 01.05.1971 | Halten | 9F3F8C5W+RX |
| PE 2025e | PE 10Y-Ø | BGFL-Ratio | Shiller-PE | PB | PCF | KUV |
| 13,19 | 16,88 | 0,78 | 5,03 | 0,30 | 2,30 | 0,49 |
|
Dividend '2022 in € |
Dividend '2023 in € |
Dividend '2024e in € |
Div.-Yield '2024e in % |
| 1,00 | 0,70 | 0,15 | 1,42% |
| Annual General Meeting | Q1-figures | Q2-figures | Q3-figures | Annual press conference |
| 14.05.2025 | 13.05.2025 | 12.08.2025 | 14.11.2024 | 13.03.2025 |
| Distance 60-days-line | Distance 200-days-line | Performance YtD | Performance 52 weeks | IPO |
| -5,71% | -12,85% | -26,24% | -26,75% | +0,00% |
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