K+S AG - Earnings Release 2018 | FinancialReports.eu

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Ad-hoc | 9 August 2018 19:57

K+S Aktiengesellschaft: K+S confirms significant increase of EBITDA for the year 2018, but misses current market expectations

K+S Aktiengesellschaft / Key word(s): Half Year Results/Forecast

K+S Aktiengesellschaft: K+S confirms significant increase of EBITDA for the year 2018, but misses current market expectations

09-Aug-2018 / 19:57 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.

The K+S Group is now expecting earnings before interests, taxes, depreciation and amortisation (EBITDA) in a range of EUR 660 to 740 million for the year 2018. This equals unchanged to a significant increase versus the previous year (EUR 577 million).

This range misses the current market expectations (Consensus by Vara Research GmbH as of 16 July 2018: EUR 797 million).

The EBITDA for the second quarter amounted to EUR 105.1 million (previous year: EUR 101.9 million). K+S continues to pursue the target of a positive free cash flow in 2019.

The company releases the half-yearly financial report on 14 August 2018.

Contact:

Investor Relations:

Lutz Grüten

Phone: +49 561 9301-1460

[email protected]

09-Aug-2018 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:	[email protected]
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