K+S Group, Kassel, reported strongly negative adjusted group earnings after tax of €-1.8 billion for full year 2020, largely attributable to a final impairment loss as of Dec.31, 2020, of €1.86 billion. This impairment loss was confirmed with an unqualified audit opinion on March 9.
The group posted a 31 decline in full-year 2020 EBITDA to €445 million, while revenue fell 9 percent to €3.7 billion. Sales volumes in the Agriculture customer segment increased by 1 million mt to 7.3 million mt in 2020, while Bethune, Saskatchewan, produced almost 2 million mt of potash.
K+S expects the closing of the sale of the Americas salt business by this summer “at the latest”.
The group said it will not pay a dividend for the 2020 financial year.