Half Year 2019 K&S AG Earnings Call Transcript

Feb 14, 2024

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Aug 15, 2019 / 08:00AM GMT
Operator

Welcome to the K+ S conference call regarding the publication of the half yearly financial report H1 '19, hosted by Dr. Burkhard Lohr, CEO. (Operator Instructions) Please note on Page 2 of the presentation you will find the disclaimer.

I'm now handing the call over to Dr. Burkhard Lohr to begin. Please go ahead.

Burkhard Lohr - K+S Aktiengesellschaft-Chairman of the Board of Executive Directors - CEO & Personnel Director

Thank you. Good morning, ladies and gentlemen. Welcome to our Q2 conference call. Let's start right away on Slide 3 with the highlights of said quarter. Our EBITDA showed a nice improvement again, after plus 14% in Q1, we accelerated the momentum and achieved an increase of 24% in the second quarter over last year. The unchanged favorable pricing environment but also higher sales volumes in agriculture supported this success. The EBITDA of our operating units, Europe plus increased by 29%, while our EBITDA in Americas came out below last year's results, mainly on the back of higher

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