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K+S Group: Foundations Laid for Growth
Mar. 15, 2018 09:50AM PST
Potash InvestingThe K+S Group has improved in all of its key indicators in the 2017 financial year: revenues rose to € 3.6 billion (previous year: € 3.5 billion), operating earnings EBIT I increased to € 271 million (previous year: € 229 million) and earnings before interest, taxes, depreciation and amortisation (EBITDA) were lifted to € 577 million (previous year: € 519 million). The Board of …
The K+S Group has improved in all of its key indicators in the 2017 financial year: revenues rose to € 3.6 billion (previous year: € 3.5 billion), operating earnings EBIT I increased to € 271 million (previous year: € 229 million) and earnings before interest, taxes, depreciation and amortisation (EBITDA) were lifted to € 577 million (previous year: € 519 million).
The Board of Executive Directors and the Supervisory Board intend to propose a dividend of € 0.35 per share (previous year: € 0.30 per share) at the Annual General Meeting on May 15th, 2018; this corresponds to a pay-out ratio of 46 percent (previous year: 44 percent) of the adjusted Group earnings after taxes.
Dr Burkhard Lohr, CEO of K+S, said:
“Even though 2017 was a year shaped by transition, we reached our targets, laying a strong foundation for our future.”
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