Anzeige
Mehr »
Login
Donnerstag, 28.03.2024 Börsentäglich über 12.000 News von 687 internationalen Medien
Spezial am Donnerstag: Rallye II. - Neuer Anstoß, News und was die Börsencommunity jetzt nicht verpassen will…
Anzeige

Indizes

Kurs

%
News
24 h / 7 T
Aufrufe
7 Tage

Aktien

Kurs

%
News
24 h / 7 T
Aufrufe
7 Tage

Xetra-Orderbuch

Fonds

Kurs

%

Devisen

Kurs

%

Rohstoffe

Kurs

%

Themen

Kurs

%

Erweiterte Suche
Dow Jones News
356 Leser
Artikel bewerten:
(1)

PhosAgro Domestic Sales Rise 10% Year-on-Year to 2.93 mln Tonnes in 9M 2020

DJ PhosAgro Domestic Sales Rise 10% Year-on-Year to 2.93 mln Tonnes in 9M 2020

OJSC PhosAgro (PHOR) 
PhosAgro Domestic Sales Rise 10% Year-on-Year to 2.93 mln Tonnes in 9M 2020 
 
20-Oct-2020 / 17:30 MSK 
Dissemination of a Regulatory Announcement that contains inside information 
according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group. 
The issuer is solely responsible for the content of this announcement. 
 
For Immediate Release 20 October 2020 
 
PhosAgro Domestic Sales Rise 10% Year-on-Year to 2.93 mln Tonnes in 9M 2020 
 
     Moscow - PhosAgro subsidiary PhosAgro-Region, which is Russia's largest 
 mineral fertilizer distribution network*, has increased fertilizer sales to 
           Russian farmers in 9M 2020 to 2.93 million tonnes, growth of 9.7% 
                                       year-on-year. 
 
   Sales of PhosAgro's own production increased by 6.4% year-on-year to 2.44 
          million tonnes. Phosphate-based fertilizer sales increased by 5.3% 
       year-on-year and accounted for over 80% of the total volume. Sales of 
    nitrogen-based fertilizers increased by 12% year-on-year to 416 thousand 
        tonnes. Products from other manufacturers sold via PhosAgro-Region's 
                distribution network amounted to around 480 thousand tonnes. 
 
     Growing demand for PhosAgro's phosphate-based fertilizers was driven by 
      their high efficiency, as well as work by plant cultivators to improve 
    Russian grain and the drought conditions prevalent in major agricultural 
    regions. Complex phosphate-based fertilizers containing sulphur made the 
  largest contribution to PhosAgro's growing domestic sales. These grades of 
     fertilizer help to produce milling wheat with higher protein and gluten 
      content. A prolonged heat wave led to a moisture deficit, which caused 
record growth in demand for liquid complex fertilizers: regions in the Black 
     Earth Region increased consumption of liquid complex fertilizers by 2.8 
  times, in Siberia more than 2 times, and regions of southern Russia by 1.4 
                                       times. 
 
      Granular ammonium sulphate sales also saw stable growth in response to 
demand from farmers. Production of this product was launched by the Balakovo 
                                       branch of Apatit this spring. 
 
PhosAgro-Region continued to expand the geography of its operations in order 
        to work directly with Russian farmers. In the fall of 2020, the 18th 
 regional office of PhosAgro-Region opened in Ryazan. The growing demand for 
 mineral fertilizers from the region's agricultural industry and direct work 
     with producers mean that PhosAgro expects sales in the Ryazan region to 
                                       double over the next three years. 
 
   Work is underway to create the company's fifth distribution centre in the 
 Rostov region. This DC is planned to be launched on the eve of spring field 
 work in the South of Russia. Another PhosAgro-Region distribution centre in 
        one of the Black Earth regions is in its final stages of completion. 
 
PhosAgro CEO Andrey Guryev said: "Domestic sales accounted for more than 30% 
of PhosAgro's total sales in 9M 2020. We are supplying Russian customers for 
                           the winter sowing season as a matter of priority. 
 
 "The high quality of this season's harvest, combined with implementation by 
     farmers of Russian Ministry of Agriculture initiatives to increase soil 
  fertility, give us confidence that fertilizer inventories will be build up 
ahead of next year's field work. At the same time, we are carefully studying 
  the possible consequences of the moisture deficit observed at the start of 
 winter sowing, and we will be ready in the coming spring to offer effective 
    mineral nutrition systems to correct the state of crops using modern NPK 
                                       fertilizers. 
 
   "The Russian market is an invariable priority for us. In fact, innovative 
     mineral fertilizer grades enjoy high demand in Russia, with significant 
     interest in products that help to increase crops' resistance to adverse 
        weather and that ensure the high quality of key cultures. PhosAgro's 
  portfolio includes more than 50 fertilizer grades, 19 of which are complex 
       fertilizers that are unique for Russia, with microelements all in one 
 granule. Today we are conducting practical testing of these grades together 
  with one of the largest Russian agricultural holdings in a number of Black 
                                       Earth regions." 
 
* by total volume of fertilizer sales and by fertilizer storage capacity. 
 
About PhosAgro 
 
     PhosAgro (www.phosagro.ru [1]) is one of the world's leading vertically 
      integrated phosphate-based fertilizer producers in terms of production 
 volumes of phosphate-based fertilizers and high-grade phosphate rock with a 
         P2O5 content of 39% and higher. PhosAgro's environmentally friendly 
fertilizers stand out for their high efficiency, and they do not lead to the 
                                   contamination of soils with heavy metals. 
 
The Company is the largest phosphate-based fertilizer producer in Europe (by 
    total combined capacity for DAP/MAP/NP/NPK/NPS), the largest producer of 
  high-grade phosphate rock with a P2O5 content of 39%, a top-three producer 
  of MAP/DAP globally, one of the leading producers of feed phosphates (MCP) 
   in Europe, and the only producer in Russia, and Russia's only producer of 
                              nepheline concentrate (according to the RAFP). 
 
          PhosAgro's main products include phosphate rock, over 50 grades of 
   fertilizers, feed phosphates, ammonia, and sodium tripolyphosphate, which 
are used by customers in 102 countries spanning all of the world's inhabited 
continents. The Company's priority markets outside of Russia and the CIS are 
                                       Latin America, Europe and Asia. 
 
  PhosAgro's shares are traded on the Moscow Exchange, and global depositary 
    receipts (GDRs) for shares trade on the London Stock Exchange (under the 
   ticker PHOR). Since 1 June 2016, the Company's GDRs have been included in 
                          the MSCI Russia and MSCI Emerging Markets indexes. 
 
More information about PhosAgro can be found on the website: www.phosagro.ru 
[1]. 
 
ISIN:           US71922G2093 
Category Code:  MSCM 
TIDM:           PHOR 
LEI Code:       25340053KRUNNYUWF472 
OAM Categories: 2.2. Inside information 
Sequence No.:   86247 
EQS News ID:    1142000 
 
End of Announcement EQS News Service 
 
 
1: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=443ca16678306c21ad7d78a6b83a5230&application_id=1142000&site_id=vwd&application_name=news 
 

(END) Dow Jones Newswires

October 20, 2020 10:30 ET (14:30 GMT)

Großer Dividenden-Report 2024 von Dr. Dennis Riedl
Der kostenlose Dividenden-Report zeigt ganz genau, wo Sie in diesem Jahr zuschlagen können. Das sind die Favoriten von Börsenprofi Dr. Dennis Riedl
Jetzt hier klicken
© 2020 Dow Jones News
Werbehinweise: Die Billigung des Basisprospekts durch die BaFin ist nicht als ihre Befürwortung der angebotenen Wertpapiere zu verstehen. Wir empfehlen Interessenten und potenziellen Anlegern den Basisprospekt und die Endgültigen Bedingungen zu lesen, bevor sie eine Anlageentscheidung treffen, um sich möglichst umfassend zu informieren, insbesondere über die potenziellen Risiken und Chancen des Wertpapiers. Sie sind im Begriff, ein Produkt zu erwerben, das nicht einfach ist und schwer zu verstehen sein kann.