KASSEL (dpa-AFX) - K+S Aktiengesellschaft (SDFG) reported Q2 revenue of EUR 1.5 billion, a jump from the previous year's revenue of EUR 664 million.
In the Agriculture customer segment, revenues increased significantly to EUR 1.2 billion in the second quarter, compared to EUR 474 million generated a year ago, due in particular to higher prices.
Q2 revenues of EUR 266 million in the Industry+ customer segment were also significantly higher year-on-year. Last year, the company reported EUR 191 million.
Second-quarter EBITDA surged to EUR 706 million from EUR 112 million reported last year. Significantly higher average prices in both customer segments more than compensated for higher costs.
'We confirm our previous EBITDA outlook for the 2022 financial year, even in the event of bottlenecks in the availability of natural gas and a gas levy in the fourth quarter, as assumed in our scenario,' says Dr. Burkhard Lohr, Chairman of the Board of Executive Directors of K+S Aktiengesellschaft.
Looking ahead, K+S continues to expect a strong increase in EBITDA to EUR 2.3 billion - EUR 2.6 billion in the 2022 financial year.
Copyright(c) 2022 RTTNews.com. All Rights Reserved
Copyright RTT News/dpa-AFX
© 2022 AFX News