K+S Group, Kassel, reported on July 20 that on the basis of preliminary earnings figures, its second-quarter EBITDA is expected “to be significantly above” the year-ago level, at €110 million, more than double the previous year’s €52.7 million. Analyst expectations were for a €92.9 million second-quarter EBITDA.
K+S cited higher average potash prices and sales volumes in the Agriculture customer segment and higher sales volumes in the Industry+ customer segment as driving the improvement in earnings.
The company said the closing of accounts is still ongoing and it will publish its complete half-year financial report on Aug. 12.