DGAP-Adhoc: K+S Aktiengesellschaft: Current weak market environment: K+S reduces potash production

2019. szeptember 23., hétfő, 16:39





DGAP-Ad-hoc: K+S Aktiengesellschaft / Key word(s): Forecast/Annual Results


K+S Aktiengesellschaft: Current weak market environment: K+S reduces potash production


23-Sep-2019 / 16:39 CET/CEST


Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.


The issuer is solely responsible for the content of this announcement.




K+S is responding to the current weak demand for potash by reducing fertilizer production for potassium chloride by up to 300 thousand tonnes by the end of 2019.


The effect of the production adjustment on EBITDA is expected to be in the amount of up to 80 million euros.


On November 14, the company will publish its Q3 results. K+S will then substantiate the range of earnings for the full year 2019.




Contact:

Lutz Grüten

Head of Investor Relations

Phone: +49 561 9301-1100

investor-relations@k-plus-s.com








23-Sep-2019 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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Language: English
Company: K+S Aktiengesellschaft

Bertha-von-Suttner-Str. 7

34131 Kassel

Germany
Phone: +49 561 9301 0
Fax: +49 561 9301 2425
E-mail: investor-relations@k-plus-s.com
Internet: www.k-plus-s.com
ISIN: DE000KSAG888
WKN: KSAG88
Indices: MDAX
Listed: Regulated Market in Berlin, Dusseldorf, Frankfurt (Prime Standard), Hamburg, Hanover, Munich, Stuttgart; Regulated Unofficial Market in Tradegate Exchange
EQS News ID: 878193





 
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878193  23-Sep-2019 CET/CEST







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