K+S AG (MIL:1SDF)
€ 10.37 -0.185 (-1.75%) Market Cap: 1.86 Bil Enterprise Value: 1.17 Bil PE Ratio: 75.39 PB Ratio: 0.30 GF Score: 72/100

Half Year 2020 K&S AG Earnings Call Transcript

Aug 13, 2020 / 08:00AM GMT
Release Date Price: €6.26 (-9.93%)
Operator

Hello, and welcome to the K+S Conference Call regarding the publication of the Half Year Financial Report Half 1 2020 hosted by Dr. Burkhard Lohr, CEO. (Operator Instructions). Please note, on Page 2 of the presentation, you will also find the disclaimer.

And I am 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 & Labor Relations Director

+- -

Thank you. Ladies and gentlemen, welcome to our Q2 call. I would like to start by pointing out the highlights on Slide 3.

Despite difficult market conditions, Q2 was a solid quarter. Due to lower potash prices in agriculture, we lost around EUR 80 million compared to the previous year. But we were able to partially compensate this decline by showing a strong operational performance of our plants to which Bethune in particular made a significant contribution. In addition, we had strong cost discipline and did our utmost to make optimal use of our

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