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In the third quarter of the current year, revenues from K+S were at €866 million, slightly below last year's figure (€881 million). Operating earnings EBITDA reached €66 million compared to €72 million in the third quarter of 2023. Lower prices for products containing potash in both customer segments as well as slightly lower sales volumes were the main reasons for this development. Adjusted free cash flow in the first nine months of the current financial year amounted to €+111 million (9M/2023: €+328 million). The key figures for the third quarter were, therefore, slightly above expectations.

Dr. Burkhard Lohr, Chairman of the Board of Executive Directors (CEO) of K+S Aktiengesellschaft, has decided not to extend his mandate, which runs until the end of May 2025, after more than 12 years in the role. In accordance with his personal plans, he will retire next year. As of June 1, 2025, Dr. Christian H. Meyer, CFO of K+S, will take over Chairmanship of the Board of Executive Directors from Dr. Burkhard Lohr. The Supervisory Board of the Company has made this decision today.

K+S increased revenues to €874 million in the second quarter of the current year from €826 million in the prior-year period. Operating earnings EBITDA rose significantly to €128 million, compared with the prior-year quarter. Adjusted free cash flow amounted to €+87 million in the first six months of the current financial year (H1/2023: €+274 million). The key figures were, therefore, in line with expectations.

Press Release:

K+S achieved revenues of €988 million in the first quarter of the current year, compared with €1.2 billion in the prior-year period. Operating earnings EBITDA amounted to €200 million (Q1/2023: €454 million) and adjusted free cash flow amounted to €111 million in the first three months of the current financial year (3M/2023: €113 million). K+S has, therefore, exceeded the expectations of the capital market.

K+S generated solid results in the 2023 financial year. Following the record year 2022, the Company achieved EBITDA operating earnings of around €712 million (2022: €2,423 million). Adjusted free cash flow was around €311 million in the reporting year (2022: €932 million). Adjusted Group earnings after tax amounted to €162 million (2022: €1,494 million). 

K+S and the Hameln Declaration district alliance want to further intensify their joint exchange on reducing salt pollution in the Werra and Weser rivers. The Kassel-based fertilizer and salt producer and the supra-regional association of districts and communities bordering the rivers have signed an agreement in Göttingen to acknowledge the constructive discussions of recent years and further institutionalize them in the future.

It's an anniversary of a special kind: one billion tonnes of crude salt have been extracted from the Hattorf-Wintershall mine of the K+S Werra potash plant in eastern Hesse since 1903. The billionth tonne was brought to the surface during the midday shift on January 18, 2024. If the total quantity were loaded onto bulk goods railcars, the train would reach around the equator seven and a half times.

The largest and most modern indoor shrimp farm in Europe will soon be built at the Sigmundshall site near Hanover. This has been contractually agreed between K+S and the start-up Aquapurna. K+S is investing an amount in the low double-digit million euro range in this sustainable project and is acting as builder, landlord, and media supplier for the new farm. Aquapurna is receiving a further seven-figure investment from private investors.

K+S has successfully completed the share buyback. Since mid-May 2023, K+S has bought back a total of 12.3 million of its own shares for just under €200 million (ISIN DE000KSAG888) at an average price of around €16 per share. This corresponds to 6.4 percent of the Company's share capital. K+S aims to cancel the bought-back shares by the end of 2023.