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Regions :: Eastern Europe :: Russia

EuroChem's second-quarter boosted by acquisition, committed to potash despite turmoil

11:59 PM MDT | August 14, 2013 | Natasha Alperowicz

EuroChem (Moscow), Russia’s largest producer of fertilizers, has reported a 20% decrease in second quarter Ebitda to 12.7 billion Russian ruble ($402 million) on sales 8% higher at R45.4 billion. On a like-for-like basis, excluding the effects of the EuroChem Agro acquisition in the third quarter of 2012, revenues and Ebitda in the second quarter of this year were R35.3 billion and R12.3 billion, respectively.   Sales volumes in the nitrogen and phosphate segments, excluding mineral raw materials and hydrocarbons, reached 2.6 million m.t. in the second...

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