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K+S cuts upper end of profit target range on low potash volumes

Published 2015-11-11, 01:19 a/m
© Reuters.  K+S cuts upper end of profit target range on low potash volumes
SDFGn
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POT
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FRANKFURT, Nov 11 (Reuters) - German fertiliser mining group
K+S SDFGn.DE , which fended off a takeover approach by Potash
Corp of Saskatchewan POT.TO , cut the upper end of its earnings
forecast range as lower crop prices and a weak Brazilian real
weighed on demand for potash.
K+S on Wednesday guided for 2015 adjusted earnings before
interest and tax (EBIT) of 780-830 million euros ($839-$893
million). It had previously targeted 780-860 million euros, up
from 641 million last year.
Third-quarter adjusted EBIT declined 1.4 percent to 132.1
million euros, slightly below the average analyst forecast of
136 million in a Reuters poll.

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