Publication of Insider Information pursuant to Art. 17 MAR (formerly: Ad-hoc Announcements pursuant to § 15 WpHG)
Release of an Insider Information in accordance with Sec. 17 MAR
Joint Venture / Forecast K+S Aktiengesellschaft: German Federal Cartel Office grants clearance for REKS joint venture – one-off gain and cash inflow expected before the end of the 2021 financial year
Today, the German Federal Cartel Office has granted the final approval for the merger of the new REKS joint venture. With this joint venture, K+S and REMEX, a subsidiary of the REMONDIS Group, aim to open up the attractive and rapidly growing European market for the recovery and disposal of waste as well as the realization of sustainable waste management solutions.
Release of an Insider Information in accordance with Sec. 17 MAR
Other: Final FREP findings do not result in adjustments to valuations
The German Financial Reporting Enforcement Panel e.V. (FREP - “DPR”) has today issued its final examination findings to K+S Aktiengesellschaft (“K+S”) in the procedure for the examination of the consolidated financial statements of K+S as of December 31, 2019, including the associated Group management report, as well as the abbreviated consolidated financial statements as of June 30, 2020, including the associated interim management report.
Release of an Insider Information in accordance with Sec. 17 MAR
Statement: Preliminary examination findings received – DPR proceedings ongoing
For the protection of the ongoing proceedings with the Financial Reporting Enforcement Panel (“FREP – DPR”) K+S Aktiengesellschaft ("K+S") decided to postpone the publication of the following insider information. With the upcoming regular reporting for the third quarter on November 11, 2021, K+S is obliged to make this announcement.
Release of an Insider Information in accordance with Sec. 17 MAR
Forecast K+S Aktiengesellschaft
- K+S raises operating EBITDA outlook for 2021 again to around EUR 630 million (previously: EUR 500 to 600 million; excluding REKS transaction)
- Balanced free cash flow expected for 2021 (previously: EUR -180 million; excluding REKS transaction)
- Antitrust review of REKS transaction still ongoing
Release of an Insider Information in accordance with Sec. 17 MAR
K+S Aktiengesellschaft: EBITDA outlook for 2021 raised to EUR 700 million to EUR 800 million
The Board of Executive Directors of K+S Aktiengesellschaft today raised the EBITDA outlook for 2021 again to between EUR 700 million and EUR 800 million (previously EUR 500 million to EUR 600 million, both including the expected one-off gain from the REKS transaction of around EUR 200 million).
Release of an Insider Information in accordance with Sec. 17 MAR
K+S Aktiengesellschaft: EBITDA in Q2/2021 expected to be significantly above previous year's level
On the basis of preliminary earnings figures, EBITDA for the K+S Group in Q2/2021 amounts to about €110 million (Q2/2020: €52.7 million). The closing of accounts is still ongoing.
Release of an Insider Information in accordance with Sec. 17 MAR
K+S Aktiengesellschaft: Public tender offer to buy back outstanding 2022, 2023 and 2024 bonds
NOT FOR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES OF AMERICA, ITS TERRITORIES AND POSSESSIONS (INCLUDING PUERTO RICO, THE U.S. VIRGIN ISLANDS, GUAM, AMERICAN SAMOA, WAKE ISLAND AND THE NORTHERN MARIANA ISLANDS), ANY STATE OF THE UNITED STATES OF AMERICA OR THE DISTRICT OF COLUMBIA (THE "UNITED STATES") OR IN OR INTO OR TO ANY PERSON RESIDENT OR LOCATED IN ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS DOCUMENT.
Release of an Insider Information in accordance with Sec. 17 MAR
K+S Aktiengesellschaft: K+S receives allowance from the U.S. Justice Department for the sale of the Americas operating unit and no longer anticipates any antitrust hurdles to the closing of the sale
The U.S. Department of Justice has allowed the sale of the Americas operating unit, which comprises the American salt business of K+S Aktiengesellschaft, to Stone Canyon Industries Holdings LLC, Mark Demetree and Partners to proceed.
Release of an Insider Information in accordance with Sec. 17 MAR
K+S Aktiengesellschaft: K+S obtains unqualified audit opinion for the consolidated financial statements as of December 31, 2020
Following the presentation of the consolidated financial statements as of December 31, 2020 by the Board of Executive Directors, the Company's auditor, Deloitte GmbH Wirtschaftsprüfungsgesellschaft, Hanover, today issued an unqualified audit opinion on the 2020 consolidated financial statements.
Release of an Insider Information in accordance with Sec. 17 MAR
K+S Aktiengesellschaft: Examination of the consolidated financial statements of K+S Aktiengesellschaft as of December 31, 2019, as well as June 30, 2020, by the German Audit Office for Accounting at the occasion-related request of the German Federal Financial Supervisory Authority
At the occasion-related request of the German Federal Financial Supervisory Authority ("Bundesanstalt für Finanzdienstleistungsaufsicht - BaFin"), the German Audit Office for Accounting ("Deutsche Prüfstelle für Rechnungslegungsaufsicht - DPR") examines the consolidated financial statements of K+S Aktiengesellschaft ("K+S") as of December 31, 2019, together with the related interim group management report and the abbreviated financial statements as of June 30, 2020.
