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K+S also increased its revenue and operating results in the second quarter compared to the same period last year. Revenue increased by more than 9 percent to € 812 million (Q2/17: € 742 million), while operating earnings before interest, taxes, depreciation and amortization (EBITDA) increased by 3 percent to € 105 million (Q2/17: € 102 million). Growth was driven by higher sales volumes from the ramp up of the new Bethune potash plant in Canada and higher prices for potassium chloride and fertilizer specialties.

For the first time K+S has set a record with more than 200 new apprentices and trainees, thereby preparing for the growing demand of skilled workers. Having steadily ramped up its training commitment over the previous years, it is now even more effective in countering demographic trends. At the beginning of the new training year, a total of 609 men and women will complete a qualified vocational training or dual study program at K+S. They are expected to be the specialists of the future.

The K+S Group is now expecting earnings before interests, taxes, depreciation and amortisation (EBITDA) in a range of € 660 – 740 million for the year 2018. This equals unchanged to a significant increase versus the previous year (€ 577 million).

The employees at the Sigmundshall potash mine, which will stop producing potash products at the end of the year, now have more personal security for their future. After long and difficult negotiations in the settlement proceedings, the company and works council have agreed on a social plan for the employees which are affected by the partial closure.

Click here to view the press release of 07/12/2018

Yesterday, the annual general meeting of K+S Aktiengesellschaft elected four supervisory board shareholder members.

The K+S Group began the 2018 financial year with improvement in its key performance indicators. Revenues rose by 4% year-on-year to € 1.17 billion. Operating earnings before interest, taxes, depreciation and amortisation (EBITDA) improved by more than 12% to € 237 million, helped in particular by deliveries from the new potash mine in Bethune, Canada, and higher market prices for potassium chloride.

On March 22nd, 2018, the Board of Executive Directors of K+S Aktiengesellschaft, Kassel, decided to develop a new off-shore brine field by drilling a new cavern at its Dutch production plant, Frisia Zout B.V. in Harlingen. Thus K+S further implements the Group strategy Shaping 2030.

The K+S Group has improved in all of its key indicators in the 2017 financial year: revenues rose to € 3.6 billion (previous year: € 3.5 billion), operating earnings EBIT I increased to € 271 million (previous year: € 229 million) and earnings before interest, taxes, depreciation and amortisation (EBITDA) were lifted to € 577 million (previous year: € 519 million). “Even though 2017 was a year shaped by transition, we reached our targets, laying a strong foundation for our future,” said Dr Burkhard Lohr, CEO of K+S AG.

The conclusion by K+S of an agreement on the construction of 160 bulk material freight cars has ensured that WBN Waggonbau Niesky will have more work for now. WBN filed for insolvency at the end of December 2017. This placed about 300 jobs in the district of Görlitz in the state of Saxony at risk.