Oslo-While Yara International ASA expects to post a record fourth-quarter EBITDA for the quarter ending Dec. 31, 2010, at NOK 3 billion versus the year-ago NOK 1.39 billion, on Feb. 4 the company forewarned that results will be below market expectations due to write-downs (NOK 165 million) for its stake in Burrup Fertiliser Pty Ltd., delays in deliveries, phasing of sales within the quarter, and somewhat higher fixed costs than in the third quarter. In light of the positive market development globally and in Europe, Yara has deferred some sales into 2011 to benefit from the positive price trend. Yara says its remaining asset value for its stake in Burrup is approximately NOK 1.7 billion. Final Yara results will be released Feb. 15.
Transparency Across the Fertilizer Value-Chain