Yara reports strong first-quarter results
(Thomson Reuters ONE) -
Oslo (2012-04-27): Yara International ASA reports strong first-quarter results
as sales volumes returned to normal levels and margins remained healthy.
Following a slow first half of the Northern hemisphere season, activity levels
in global nitrogen markets have increased during first quarter and prices have
strengthened significantly.
Yara reports first-quarter net income after non-controlling interests of NOK
3,020 million (NOK 10.58 per share), compared with NOK 2,889 million (NOK 10.02
per share) last year. Excluding net foreign exchange gain and special items, the
result was NOK 8.36 per share compared with NOK 9.15 per share in first quarter
2011. First-quarter EBITDA excluding special items was NOK 3,935 million
compared with NOK 4,258 million last year.
"Yara reports strong first-quarter results, as margins remained healthy and
European deliveries picked up," said Jørgen Ole Haslestad, President and Chief
Executive Officer of Yara.
"As expected, Northern hemisphere fertilizer demand is strengthening following a
slow first half of the buying season. This recovery is needed to avoid a further
decline in global grain stocks," said Jørgen Ole Haslestad.
Global Yara fertilizer deliveries were in line with first quarter 2011, while
own-produced product sales increased. Nitrate sales volumes increased, while NPK
and urea volumes decreased slightly. Industrial volumes increased 14%,
reflecting growth in environmental products and technical ammonium nitrates.
Stock levels remained high during the first part of the quarter, but decreased
sharply in March as demand picked up strongly.
Season-to-date nitrogen fertilizer industry deliveries in Western Europe are
12% behind a year earlier, and full-season deliveries are likely to fall short
of the previous season, as cold and dry spring planting conditions are likely to
impact overall consumption. However, Yara saw record European deliveries in
March and satisfactory deliveries so far in April.
Link to 1Q report and presentation:
http://www.yara.com/investor_relations/quarterly_report/index.aspx
Link to 1Q webcast 27 April at 09:30 CEST:
http://media01.smartcom.no/Microsite/start.aspx?eventid=6620
Contact
Thor Giæver, Investor Relations
Telephone (+47) 24 15 72 95
Cellular (+47) 48 07 53 56
E-mail thor.giaver(at)yara.com
Esben Tuman, Media Relations
Cellular (+47) 90 50 84 00
E-mail esben.tuman(at)yara.com
Yara delivers solutions for sustainable agriculture and the environment. Our
fertilizers and crop nutrition programs help produce the food required for the
growing world population. Our industrial products and solutions reduce
emissions, improve air quality and support safe and efficient operations.
Founded in Norway in 1905, Yara has a worldwide presence with sales to 150
countries. Safety is always our top priority.
www.yara.com
This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
1Q 2012 Presentation:
http://hugin.info/134793/R/1606591/509407.pdf
1Q 2012 Report:
http://hugin.info/134793/R/1606591/509406.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#1606591]
Unternehmensinformation / Kurzprofil:
Datum: 27.04.2012 - 08:01 Uhr
Sprache: Deutsch
News-ID 140009
Anzahl Zeichen: 4070
contact information:
Town:
Oslo
Kategorie:
Business News
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