Figma Shares Indicated To Open $105/$110
FRANKFURT -- K+S AG stock tumbled as much as 6.5% during intraday trading after the German potash producer reported preliminary second-quarter results that fell short of analyst expectations. By 10:40 GMT, shares had pared some losses but remained down 2.9%.
The company announced second-quarter EBITDA of €110 million, representing a 21% decline and missing the consensus estimate of €139 million. Free cash flow for the period was negative at -€8 million.
K+S attributed the earnings shortfall to several factors, including a €10 million mining provision revaluation, lower sales volumes in its Agriculture segment due to maintenance outage at its Bethune facility, delayed ship departures, and other logistical challenges. Adverse foreign exchange impacts also weighed on results.
Despite the disappointing quarterly performance, K+S confirmed its full-year guidance for adjusted EBITDA of €560-640 million, targeting the midpoint of this range. This outlook is approximately 5% below the current consensus estimate of €632 million. The company noted that recent potash price increases are being offset by unfavorable currency exchange rates.
"We expect share price pressure," Jefferies analysts commented on the results.
The potash producer’s quarterly performance highlights ongoing challenges in the agricultural commodities sector, as companies navigate logistical disruptions and currency headwinds.
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