K+S results up significantly

Kassel, Germany — K+S Group reported that second-quarter revenues and earnings are significantly above the corresponding previous year’s figures, as well as current consensus expectations. This is due to strong overseas business and a good early stock-up in Europe in the Potash/Magnesium segment. Revenues of the K+S Group reached €996.5 million (Q2/11: €821.7 million), and operating earnings EBIT I reached €219.8 million (Q2/11: €181.9 million). K+S will release complete earnings results Aug. 14.