Q3 2019 K&S AG Earnings Call Transcript

Feb 14, 2024

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Nov 14, 2019 / 09:00AM GMT
Operator

Welcome to the K+ S Conference Call regarding the Q3 2019 Earnings Release 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. Ladies and gentlemen, welcome to our Q3 conference call.

Let's start right away on Slide 3 with the highlights of the quarter. We did not have any weather-related standstills at the Werra site this quarter and do not expect any for the rest of 2019 either. This and positive price effects have been the main reasons for the increase in our EBITDA from EUR 36 million to EUR 81 million. Despite an extended maintenance break at our Bethune plant, higher sales from our Canadian site compensated for missing volumes due to the Sigmundshall mine closure. The EBITDA of our operating unit Europe+ increased significantly

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