Yara reports strong third-quarter results
(Thomson Reuters ONE) -
Oslo (2012-10-19): Yara International ASA delivered strong third-quarter results
with increased sales volumes and healthy margins. Global Yara fertilizer
deliveries were up 4% on third quarter 2011.
Yara reports third-quarter net income after non-controlling interests of NOK
2,616 million (NOK 9.30 per share), compared with NOK 3,566 million (NOK 12.42
per share) last year. Excluding net foreign exchange gain and special items, the
result was NOK 9.05 per share compared with NOK 9.13 per share in third quarter
2011. Third-quarter EBITDA excluding special items was NOK 4,186 million
compared with NOK 4,211 million last year.
"I am particularly pleased with our production growth this quarter, due to both
higher regularity in Yara plants and increased capacity in Qatar," said Jørgen
Ole Haslestad, President and Chief Executive Officer in Yara.
Global Yara fertilizer deliveries were up 4% on third quarter 2011. Urea sales
increased by 13%, mainly reflecting higher sales in Brazil and North America.
NPK sales increased 5%, driven by higher sales in North Europe. Nitrate sales
decreased by 6% compared with third quarter last year, with lower European
nitrate deliveries partly offset by strong nitrate sales growth in Brazil.
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. Pre-buying incentives for the new season are
significantly stronger than a year ago, with higher grain prices and lower
nitrogen fertilizer prices. The pre-buying phase of the European 2012/13 season
has now started, with third-quarter nitrogen fertilizer industry deliveries in
line with last year.
Link to 3Q report and presentation:
http://www.yara.com/investor_relations/quarterly_report/index.aspx
Link to 3Q webcast 19 October at 09:30 CEST:
http://media01.smartcom.no/Microsite/start.aspx?eventid=6622
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
Telephone: (+47) 24 15 70 26
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.
3Q 2012 Report:
http://hugin.info/134793/R/1650552/532286.pdf
3Q 2012 Presentation:
http://hugin.info/134793/R/1650552/532287.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#1650552]
Unternehmensinformation / Kurzprofil:
Datum: 19.10.2012 - 08:01 Uhr
Sprache: Deutsch
News-ID 194171
Anzahl Zeichen: 3829
contact information:
Town:
Oslo
Kategorie:
Business News
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