K+S Group, Kassel, reported a 53 percent drop in second-quarter operating earnings to €13.4.5 million on revenues of €811 million, down from the year-ago €28.5 million and €742 million, respectively. While the company noted higher prices and volumes in the Potash & Magnesium segment, earnings were negatively impacted by production limitations.
K+S confirmed a significant EBITDA increase for the 2018 financial year, however, the range of €660-€740 million is below the capital market’s expectations.