2023 EBITDA is still expected to range between €600 million and €800 million
K+S has reported Q3 2023 revenues at €881 million compared to €1.5 billion in the prior-year quarter. Operating earnings EBITDA reached €72 million (Q3/22: €633 million). For the 9 months ended September 30, 2023, K+S has reported a revenue of €2.9 billion compared to €4.2 billion during the 9 months ended September 30, 2022.
“Potash prices have now recovered in our important overseas market Brazil. Against this background, we have achieved solid earnings in the third quarter and confirm our forecast for EBITDA and free cash flow in 2023,” says Dr. Burkhard Lohr, Chairman of the Board of Executive Directors of K+S Aktiengesellschaft.
According to the assessment of the market environment, the annual average price in the agricultural customer segment should be moderately to tangibly higher overall than in the third quarter of 2023 (€331/t; previous forecast: moderately to tangibly higher compared with the second quarter of 2023: 334 €/t). For 2023 as a whole, EBITDA is therefore still expected to range between €600 million and €800 million (record year 2022: €2.4 billion).
Adjusted free cash flow is still expected to range between €300 million and €450 million (2022: €932.0 million).
K+S continues to expect adjusted Group earnings after tax, excluding impairment effects, to be in the low triple-digit million-euro range (2022: €1,494.0 million).
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