euro adhoc: K+S Aktiengesellschaft
Quarterly or Semiannual
Financial Statements
Half year revenues rise 11% to EUR 1,387
million
At EUR 108.8 million, EBIT up about 26%
Half year
earnings per share EUR 2.14 (up 19%)
Forecast raised substantiall
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
Second quarter revenues rose by 19% to EUR 626.4 million. In addition to business developing favourably, especially in the case of potash and magnesium products, the first-time consolidation of all of esco contributed to the increase. EBIT for the reporting period surged by 68%. All business segments with the exception of COMPO succeeded in posting better results. Earnings after taxes for the quarter rose by 27% to EUR 25.5 million, or by EUR 0.60 per share (up 25%).
Revenues for the first six months rose by 11% to EUR 1,387.0 million. About half the increase is attributable to the acquisition of the remaining 38% of esco. EBIT totalled EUR 108.8 million (up 26%) and earnings after taxes for the first half of the year rose by 22% to EUR 91.0 million. K+S therefore generated earnings of EUR 2.14 per share (H1 2003: EUR 1.80 EUR/share).
Given that global demand for potash and magnesium products remains robust and as a result of the extensive measures that have been implemented to enhance efficiency, K+S expects to see strong revenue growth as well as a significant rise in earnings for 2004. K+S is also very confident about 2005.
end of announcement euro adhoc 12.08.2004
Further inquiry note:
Christian Herrmann
Tel.: +49 (0)561 9301 1460
E-Mail: christian.herrmann@k-plus-s.com
Branche: Chemicals
ISIN: DE0007162000
WKN: 716200
Index: CDAX, Classic All Share, HDAX, MDAX, Midcap Market Index, Prime All Share, Prime
Standard
Börsen: Niedersächsische Börse zu Hannover / official dealing
Berliner Wertpapierbörse / official dealing
Bayerische Börse / official dealing
Hamburger Wertpapierbörse / official dealing
Börse Düsseldorf / official dealing
Baden-Württembergische Wertpapierbörse / official dealing
Frankfurter Wertpapierbörse / official dealing
Bremer Wertpapierbörse (BWB) / regulated dealing
Original content of: K+S Aktiengesellschaft, transmitted by news aktuell