🧐 ProPicks AI October update is out now! See which stocks made the listPick Stocks with AI

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
-
POT
-

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.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.