Yara reports strong second-quarter results
(Thomson Reuters ONE) -
Oslo (2012-07-18): Yara International ASA reports strong second-quarter results
with increased sales volumes, especially for Yara-produced fertilizer. Margins
strengthened compared with last year, primarily for urea reflecting a tight
nitrogen fertilizer market.
Yara reports second-quarter net income after non-controlling interests of NOK
2,800 million (NOK 9.86 per share), compared with NOK 2,225 million (NOK 7.73
per share) last year. Excluding net foreign exchange gain and special items, the
result was NOK 10.84 per share compared with NOK 7.84 per share in second
quarter 2011. Second-quarter EBITDA excluding special items was NOK 5,196
million compared with NOK 3,540 million last year.
"Yara reports strong second-quarter results, reflecting a strong nitrogen
fertilizer market and a significant increase in sales of Yara-produced
fertilizer, especially outside Europe," said Jørgen Ole Haslestad, President and
Chief Executive Officer of Yara.
"Our value-added nitrate and NPK business continues to perform well, and we are
also improving our commodity cost position with production growth in Pilbara and
Qafco. With these initiatives, Yara's gas and oil consumption outside Europe
increases to almost 45% of the Yara total," said Jørgen Ole Haslestad.
Global Yara fertilizer deliveries were up 6% on second quarter 2011, while sales
of Yara-produced fertilizer increased by 14%. Nitrate sales were up 13% on
second quarter last year, reflecting increased sales in Europe and Latin
America. Yara's global energy costs declined 7% compared with second quarter
last year.
Nitrogen fertilizer industry deliveries for the 2011/12 season in Western Europe
were 10% lower than a year earlier, as cold and dry spring planting conditions
impacted overall consumption. However, Yara continued to take advantage of its
ability to export premium products to overseas markets and ended the season with
European stocks below a year earlier. Second-quarter nitrogen fertilizer
deliveries in Europe were primarily for immediate consumption, but pre-buying
incentives for the new season are stronger than a year ago, given the recent
strengthening of grain prices.
Link to 2Q report and presentation:
http://www.yara.com/investor_relations/quarterly_report/index.aspx
Link to 2Q webcast 18 July at 09:30 CEST:
http://media01.smartcom.no/Microsite/start.aspx?eventid=6621
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.
2Q 2012 Presentation:
http://hugin.info/134793/R/1627353/520886.pdf
2Q 2012 Report :
http://hugin.info/134793/R/1627353/520887.pdf
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(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#1627353]
Unternehmensinformation / Kurzprofil:
Datum: 18.07.2012 - 08:01 Uhr
Sprache: Deutsch
News-ID 166258
Anzahl Zeichen: 4287
contact information:
Town:
Oslo
Kategorie:
Business News
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