K+S Group on June 27 warned that EBIT 1 for the second quarter of 2016 will be around €10 million compared to the year-ago €179.2 million. Reasons given were significantly lower average selling prices in the potash and magnesium products business unit and unexpectedly high production outages due to the limited deep-well injection permit for liquid residues at the Werra plant. The company estimates that it has had a year-to-date production shortfall of some 400,000 mt and it doubts this can be caught up.
In addition, in the Salt business unit, lower pre-buying sales for de-icing products led to a significant volume decline primarily in North America.