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

Q1 2019 K&S AG Earnings Call Transcript

May 14, 2019 / 08:00AM GMT

Transcript

Operator

Welcome to the K+ S conference call regarding the publication of the quarterly report for Q1 '19, 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 today's conference. Thank you.

Burkhard Lohr;S Aktiengesellschaft;Chairman of the Board of Executive Directors

K;CEO & Personnel Director

+- -

Thank you, operator. Ladies and gentlemen, welcome to our Q1 conference call. Let's start right away on Slide 3 with our highlights of that quarter.

My first message is, ladies and gentlemen, we have delivered. EBITDA and cash flow are clearly above last year's achievement. Bethune production increased further, and our German mines operated much better as well. Strong potash pricing and wintry weather in the U.S. and Canada also helped us. As a result, the EBITDA of our operating unit Europe+ and Americas increased by 14% and 12%.

The adjusted net profit is up

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