K+S AG (MEX:SDF)

MXN 429.8 0 (0%) Market Cap: 39.11 Bil Enterprise Value: 24.62 Bil PE Ratio: 75.39 PB Ratio: 0.30 GF Score: 74/100

Full Year 2018 K&S AG Earnings Call Transcript

Mar 14, 2019 / 08:00AM GMT

Transcript

Operator

Hello, and welcome to the K+ S conference call regarding the publication of the annual report 2018 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;S Aktiengesellschaft;Chairman of the Board of Executive Directors

K;CEO & Personnel Director

+- -

Thank you, operator. Ladies and gentlemen, welcome to our full year 2018 conference call. Let me start with some general thoughts on last year's performance.

2018 was a demanding year for us. We had to face extraordinary factors, like the extreme drought in Germany. As a result, we were forced to temporarily stop production at our Werra potash plant in September, and again, at the end of the year. Just a few years ago, these interruptions would have caused earnings to slump dramatically. Today, however, K+ S is stable enough that despite all the headwinds, a slightly improved EBITDA can be

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