Yara reports strong first-quarter results
(Thomson Reuters ONE) -
Oslo (2011-04-29): Yara International ASA reports strong first-quarter results
as sales volumes and fertilizer margins increased reflecting tight agricultural
markets.
Yara reports first-quarter net income after non-controlling interests of NOK
2,889 million (NOK 10.02 per share), compared with NOK 1,522 million (NOK 5.27
per share) last year. Excluding net foreign exchange gain/loss and special
items, the result was NOK 9.15 per share compared with NOK 4.22 per share in
first quarter 2010. First-quarter EBITDA was NOK 4,281 million compared with
NOK 3,251 million last year.
"Yara reports strong first-quarter results, as improved fertilizer prices linked
to tight agricultural markets have more than compensated for increased energy
costs from last year", said Jørgen Ole Haslestad, President and Chief Executive
Officer of Yara.
"The strong first-quarter results demonstrate the natural hedges in Yara's
business position. While urea prices declined through the first quarter, the
more differentiated nitrates and NPKs have shown a stronger price development.
When sales temporarily slowed down in Europe, we benefit from our ability to
export within our global marketing system", said Jørgen Ole Haslestad.
Yara fertilizer deliveries were up 7 percent on first quarter last year,
primarily reflecting stronger NPK and UAN sales. Margins improved for NPK and
nitrates, while urea margins declined during the quarter as prices decreased and
energy costs increased. Industrial segment volumes also increased 7 percent,
with higher volumes for all main product groups. Fertilizer production ran at
full available capacity, without any market-related curtailments.
Going forward, global markets for agricultural commodities are tight, with
historically high price levels giving strong incentives to increase fertilizer
application. The global nitrogen fertilizer industry outside China is running at
close to full capacity, and global urea prices have rebounded in April.
Link to 1Q report and presentation:
http://www.yara.com/investor_relations/quarterly_report/index.aspx
Link to 1Q webcast starting at 29 April 0800 CEST:
http://media01.smartcom.no/Microsite/start.aspx?eventid=6075
Contact
Torgeir Kvidal, Investor Relations
Telephone (+47) 24 15 72 95
Cellular (+47) 91 339 832
E-mailtorgeir.kvidal(at)yara.com
Thor Giæver, Investor Relations
Cellular (+47) 48 075 356
E-mailthor.giaver(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 7,300 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.
1Q 2011 Report:
http://hugin.info/134793/R/1510226/445608.pdf
1Q 2011 Presentation:
http://hugin.info/134793/R/1510226/445685.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#1510226]
Unternehmensinformation / Kurzprofil:
Datum: 29.04.2011 - 07:01 Uhr
Sprache: Deutsch
News-ID 54038
Anzahl Zeichen: 4372
contact information:
Town:
Oslo
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 182 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Yara reports strong first-quarter results"
steht unter der journalistisch-redaktionellen Verantwortung von
Yara International ASA (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
