Yara reports strong fourth-quarter results
(Thomson Reuters ONE) -
Oslo (2012-02-07): Yara International ASA reports strong fourth-quarter results,
primarily reflecting good farm profitability and improved margins. The 2011
annual result is the highest so far for Yara.
Yara reports fourth-quarter net income after non-controlling interests of NOK
3,386 million (NOK 11.84 per share), compared with NOK 1,564 million (NOK 5.42
per share) last year. Excluding net foreign exchange loss and special items, the
result was NOK 8.82 per share compared with NOK 6.25 per share in fourth quarter
2010. Fourth-quarter EBITDA excluding special items was NOK 4,001 million
compared with NOK 3,144 million last year. Yara's board will propose to the
Annual General Meeting a dividend payment of NOK 7 per share for 2011.
"Yara reports strong fourth-quarter results as margins improved compared with
last year, more than offsetting the impact of lower sales volumes," said Jørgen
Ole Haslestad, President and Chief Executive Officer of Yara.
"Northern hemisphere fertilizer customers have been reluctant to take positions
ahead of spring application, resulting in slow fourth-quarter sales overall.
However, crop prices and farm margins remain healthy, and fertilizer deliveries
will need to recover to avoid a decline in global grain stocks," said Jørgen Ole
Haslestad.
Adjusted for the shortfall of Libyan urea and structural changes, Yara
fertilizer deliveries were down 10% compared with fourth quarter 2010, while
margins improved particularly for urea and nitrates. Industrial volumes
increased 5%, reflecting growth in environmental products and technical ammonium
nitrates. Yara's production system ran slightly below normal levels in the
fourth quarter, in line with earlier guidance.
Activity levels have increased in global nitrogen markets during early first
quarter, and healthy farm margins indicate normal spring nitrogen consumption in
the Northern Hemisphere. However, European nitrogen industry deliveries for the
2011/2012 season could end lower than the previous season, due to the low
deliveries in second half 2011. Yara is targeting a stable European nitrate
market share for the season, compared with a year earlier.
Link to 4Q report and presentation:
http://www.yara.com/investor_relations/quarterly_report/index.aspx
Link to 4Q webcast 07 February at 09:30 CET:
http://media01.smartcom.no/Microsite/start.aspx?eventid=6619
Contact
Thor Giæver, Investor Relations
Telephone (+47) 24 15 72 95
Cellular (+47) 48 07 53 56
E-mailthor.giaver(at)yara.com
Esben Tuman, Media Relations
Cellular (+47) 90 50 84 00
E-mailesben.tuman(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 7,300 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 pursuant to section
5-12 of the Norwegian Securities Trading Act.
4Q 2011 Presentation:
http://hugin.info/134793/R/1582907/494879.pdf
4Q 2011 Report:
http://hugin.info/134793/R/1582907/494800.pdf
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#1582907]
Unternehmensinformation / Kurzprofil:
Datum: 07.02.2012 - 08:00 Uhr
Sprache: Deutsch
News-ID 111617
Anzahl Zeichen: 4441
contact information:
Town:
Oslo
Kategorie:
Business News
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