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K+S reports higher first-quarter earnings, confirms 2013 outlook

1:45 AM MDT | May 14, 2013 | Natasha Alperowicz

K+S (Kassel, Germany) reported a 13% rise in first-quarter adjusted group earnings from continued operations, to €190.2 million ($247.38 million), with revenues advancing 19%, to €1.28 billion, on strong fertilizer demand in that quarter. Ebit was 12% higher, at €277.9 million.   “Our potash and magnesium products business unit achieved its best first quarter so far,” said Norbert Steiner, chairman, at today’s annual general meeting in Kassel. Following the conclusion of contracts by North American and Russian producers with...

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