K+S AG — Earnings Release 2016

Jun 27, 2016

News Details

Ad-hoc | 27 June 2016 12:21

K+S Aktiengesellschaft: EBIT I in second quarter 2016 significantly below previous year

K+S Aktiengesellschaft / Key word(s): Profit Warning/Profit Warning

27.06.2016 12:21

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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On the basis of preliminary figures, EBIT I for the K+S Group results to
around EUR 10 million in the second quarter 2016 (Q2/15: EUR 179.2
million).

Reasons for the deviation are a significantly lower average selling price
in the potash and magnesium products business unit (Q2/15: EUR 310 per ton)
and unexpectedly high production outages due to the limited deep-well
injection permit for liquid residues at the Werra plant. In the business
unit Salt lower pre-buying sales for de-icing products led to a significant
volume decline primarily in North America.

The Company will release the complete half-yearly financial report on
August 11th, 2016.

27.06.2016 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; Terminbörse
EUREX

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