Yara well positioned in an attractive market
(Thomson Reuters ONE) -
Oslo (2010-12-07): Yara International ASA today meets with investors and
analysts for Yara's Capital Markets Day to present improved market prospects and
Yara's strong position and growth opportunities.
"Fertilizer demand has picked up strongly this autumn following tighter markets
for agricultural commodities. Agricultural markets have strengthened partly due
to a drop in global grain production, but the fundamental driver is continued
strong demand growth as an increasing and more prosperous population improve
their diets. More and better use of fertilizer will be a vital contributor in
the quest for a sustainable improvement in agricultural productivity. Fertilizer
prices have increased substantially reflecting the tight market. Currently all
available global fertilizer capacity is utilized, with the exception of
curtailments in China due to energy saving and environmental considerations",
says President and CEO Jørgen Ole Haslestad.
Yara presents new scenarios for future earnings at the Capital Markets Day. The
scenarios are not a prediction of future results, but are "what if" examples
based on selected fertilizer and energy price scenarios. The earnings reflect
the current business portfolio including ongoing expansion investments.
A supply-driven market where China is the highest-cost exporter translates into
an estimated Earnings Per Share (EPS) of NOK 18, a scenario which is relevant if
the fertilizer market turns over-supplied. Today the global fertilizer market is
demand-driven following a tightening in agricultural markets. Continued growth
in food demand and the need for improved agricultural productivity increase the
probability of a continued tight fertilizer market. A demand-driven scenario
with USD 150 per ton urea margins yields an estimated EPS of NOK 47.
"Yara has demonstrated strong earnings and has realized profitable growth
opportunities since the IPO in 2004. An attractive market, a proven track record
and a scalable business model is the basis for our firm growth ambitions, both
for organic and step-wise growth. The Downstream and Industrial segments' global
presence and products portfolio are well positioned to meet demand for improved
agricultural productivity as well as the growing challenges of climate change,
air pollution and water scarcity. When it comes to step growth we will continue
to be patient, aiming to pick the best opportunities at the right time. In
summary, we believe Yara's global business model forms a strong basis for future
growth", says President and CEO Jørgen Ole Haslestad.
Link to Yara Capital Markets Day presentation material:
http://www.yara.com/investor_relations/reports_presentations/index.aspx
Link to webcast of Yara's Capital Markets Day 7 December 2010 08:30 CET:
http://media01.smartcom.no/Microsite/start.aspx?eventid=5687
Torgeir Kvidal, Investor Relations
Telephone (+47) 24 15 72 95
Cellular (+47) 91 339 832
E-mailtorgeir.kvidal(at)yara.com
Asle Skredderberget, Media Relations
Cellular: +47 41 44 36 10
E-mailasle.skredderberget(at)yara.com
Yara International ASA is the world's leading chemical company that converts
energy, natural minerals and nitrogen from the air into essential products for
farmers and industrial customers. As the number one global supplier of mineral
fertilizers, we help provide food for a growing world population. Our industrial
product portfolio includes environmental protection agents that prevent air
pollution. Yara's global workforce of 7,600 employees represents the great
diversity and knowledge that enables Yara to remain a leading performer in the
industry.
www.yara.com
This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Yara International ASA via Thomson Reuters ONE
[HUG#1469625]
Unternehmensinformation / Kurzprofil:
Datum: 07.12.2010 - 07:01 Uhr
Sprache: Deutsch
News-ID 49454
Anzahl Zeichen: 4734
contact information:
Town:
Oslo
Kategorie:
Business News
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